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Kalshi, Polymarket Among 27 Prediction Platforms Banned In Brazil
Kalshi, Polymarket Among 27 Prediction Platforms Banned In Brazil
Authored by Amin Haqshanas via CoinTelegraph.com,
Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket.
The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore operate illegally.
“We have been monitoring the evolution of this sector in Brazil, which suffered a period of anarchy because there were no rules, no...
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