Brazil Blocks Prediction Market Platforms Polymarket and Kalshi Over Illegal Betting Concerns
Brazil's government has blocked access to prediction market platforms Polymarket and Kalshi, citing violations of federal gambling laws. The move is part of a broader crackdown on 27 sites offering 'illegal betting' on events like elections and sports. Finance Minister Dario Durigan emphasized the effort to protect Brazilian savings and reduce household debt linked to online gambling.
Topics: Brazil gambling regulation Kalshi Polymarket prediction markets