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Forbidden in Brazil, Polymarket Has 40 Betting Markets in the Context of Brazil's Elections
Summary by Estadão
2 Articles
2 Articles
Despite the regulatory restrictions imposed in Brazil on so-called forecasting markets, the foreign platforms Kalshi and Polymarket have launched options that allow users to bet on the results of the 2026 election for president. In Kalshi, the contracts that allow negotiation on the outcome of the dispute by the Brazilian presidency move about US$4.5 million, while in Polymarket, the volume negotiated exceeds US$ 147 million. The legality of thi…
·Rio de Janeiro, Brazil
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Based in New York City, Polymarket was blocked by the CMN for violating Brazilian law; Ministry of Farm says to monitor the platform's performance; TSE does not manifest; company was sought but did not return to contacts
·São Paulo, Brazil
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Total News Sources2
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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