Decrypt reported that the Brazilian Ministry of Finance has implemented a complete ban on prediction market platforms due to concerns over investor protection and gambling addiction. According to the media outlet, authorities have blocked access to major platforms such as Polymarket and Kalshi, deeming that these services are not legally regulated within Brazil. Finance Minister Dario Durigan stated, “More stringent regulation and enforcement are needed to reduce the social costs and side effects caused by unregulated gambling.”
