TechFlow News, April 25: According to a Cointelegraph report, Brazilian authorities have announced the banning of 27 prediction market platforms, including Kalshi, Polymarket, PredictIt, Robinhood’s prediction feature, and Fanatics Markets. This ban is led by the Ministry of Finance and enforced by the National Telecommunications Agency (Anatel), based on Resolution No. 5,298 issued on April 25 by Brazil’s National Monetary Council (CMN). It will take effect in early May.
The new regulation explicitly prohibits prediction contracts tied to sports, politics, entertainment, or social events, classifying them as closer to gambling than financial investment. Only contracts linked to economic indicators—such as inflation, interest rates, exchange rates, and commodity prices—are permitted to remain. Dario Durigan, Executive Secretary of the Ministry of Finance, stated that prediction markets may exacerbate debt burdens for households and small and medium-sized enterprises, posing financial risks. Currently, several countries—including France, Belgium, and the Netherlands—have implemented similar restrictions.
