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Kalshi, Polymarket among 27 prediction platforms banned in Brazil

By Cointelegraph by Amin HaqshanasCointelegraph

Brazilian regulators have banned 27 prediction platforms, including Kalshi and Polymarket, under new rules limiting “bet-like” contracts and citing risks to household debt and financial stability.

Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket. The decision, announced Friday, follows a directive from the Ministry of Finance and en…