Brazil Blocks Polymarket and Kalshi in Betting Crackdown
Brazil has blocked access to prediction market platforms, including Polymarket and Kalshi, after regulators determined that event-based contracts fall outside the country’s legal betting framework. The enforcement action forms part of a wider campaign against unlicensed gambling, with authorities moving to restrict sites that allow users to wager on outcomes tied to elections, sports, entertainment, weather, economic developments and other real-world events. Officials said the platforms were offering illegal betting products and exposing consumers to financial risk. Finance Minister Dario Durigan […] The post Brazil Blocks Polymarket and Kalshi in Betting Crackdown appeared first on World Casino News.
Brazil has blocked access to prediction market platforms, including Polymarket and Kalshi, after regulators determined that event-based contracts fall outside the country’s legal betting framework. The enforcement action forms part of a wider campaign against unlicensed gambling, with authorities moving to restrict sites that allow users to wager on outcomes tied to elections, sports, entertainment, weather, economic developments and other real-world events. Officials said the platforms were offering illegal betting products and exposing consumers to financial risk. Finance Minister Dario Durigan […]
The post Brazil Blocks Polymarket and Kalshi in Betting Crackdown appeared first on World Casino News.
