Brazil Blocks Polymarket and Kalshi in Betting Crackdown
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Brazil blocked access to Polymarket, Kalshi and 27–28 prediction market platforms after a federal resolution reported April 24, 2026. The resolution bans event-based contracts tied to elections, sports, entertainment and other non-financial outcomes; authorities cited reducing debt and social harm from online gambling. Regulatory crackdown raises downside risk to crypto prediction market adoption and trading volumes and signals enforcement risk for DeFi/CEX projects offering event-based betting.
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- Brazil blocked access to Polymarket, Kalshi, and up to 28 prediction market platforms.
- Rules ban contracts tied to elections, sports, entertainment, and other real-world events.
- Officials said the crackdown aims to reduce debt and social harm due to online gambling.
Brazil has blocked access to prediction market platforms, including Polymarket and Kalshi as part of a wider crackdown on what officials called illegal betting activity.
Finance Minister Dario Durigan said 27 platforms were blocked, while other reports put the number at 28. The action followed a new federal resolution banning event-based prediction contracts tied to elections, sports, entertainment, and other non-financial outcomes.
As per reports, users in Brazil reported that Polymarket and Kalshi were inaccessible after the order took effect. Durigan said the platforms were operating outside betti…
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