🇧🇷 BRAZIL BLOCKS KALSHI & POLYMARKET IN SWEEPING CRACKDOWN



Brazil's Finance Ministry has blocked 27 prediction market platforms, including Kalshi and Polymarket, with telecom regulator Anatel taking sites offline.

Key Reasons:
➡️ Platforms violated Brazilian betting laws
➡️ Operated without regulatory oversight
➡️ Government targeting rising gambling addiction & household debt

Why It Matters:
➡️ Kalshi's LATAM expansion plan killed
➡️ Election betting blocked before October Lula vs Bolsonaro race
➡️ Polymarket now restricted in 30+ countries
➡️ Wisconsin just sued Kalshi, Polymarket, Robinhood, Coinbase & CryptoCom

Global pressure on prediction markets is intensifying. Regulators are drawing a hard line between derivatives and gambling.
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ybaser
· 11h ago
Just charge forward 👊
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NexaCrypto
· 12h ago
LFG 🔥
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