The Central Bank of Brazil (BCB) issued Resolution No. 5,298, formally banning derivative contracts based on sports events, virtual games, and political outcomes. The measure, backed by Chief of Staff Miriam Belchior, aims to “protect family income and reduce exposure to unsafe financial practices.” According to authorities, these platforms operate under an unregulated gambling logic, distancing themselves from legitimate economic assets.
This decision intensifies the global pressure on prediction markets. With this action, Brazil emulates the restrictions imposed by Portugal on Polymarket and aligns with the legal offensive in the U.S., where Wisconsin recently sued Kalshi, Robinhood, Coinbase, and Crypto.com. For the crypto market, this represents a regulatory tightening that seeks to separate financial products from event wagering, limiting the growth of decentralized platforms in the region.
Brazil is closing the door to non-economic derivatives to ensure market integrity. The next step will be the implementation of blocks by Anatel against platforms that do not comply with the new regulations, starting May 4, 2026.
Source:https://goo.su/ERT4
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