[Brazil Bans 27 Prediction Market Platforms Including Kalshi and Polymarket] Odaily Planet Daily News: Brazilian authorities have blocked 27 prediction market platforms, including Kalshi and Polymarket. Dario Durigan, Executive Secretary of the Brazilian Ministry of Finance, stated that Resolution No. 5,298 issued by the National Monetary Council will take effect in May. The new regulations classify contracts related to sports, politics, entertainment, or social events as gambling rather than financial investments. Currently, only contracts related to economic indicators such as inflation, interest rates, exchange rates, or commodity prices are permitted. Other blocked platforms include PredictIt, Robinhood's prediction feature, Fanatics Markets, and more. Authorities claim this move aims to prevent an increase in household debt and mitigate financial risks.