Brazilian regulators respond to Kalshi's establishment: The prediction market is still in a gray area, with no local companies authorized yet.

The US prediction market platform Kalshi officially entered Brazil this week through a partnership with Brazilian broker XP, attracting local regulatory attention. The Bonus and Betting Secretariat (SPA) immediately issued a statement, stating that it is "continuously and technically" monitoring the

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Kalshi Enters Brazil, Sparking Regulatory Debate: Who Will Govern the Prediction Markets?

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Kalshi Enters Brazil, Sparking Regulatory Debate: Who Will Govern the Prediction Markets?

Brazilian regulators respond to Kalshi's establishment: The prediction market is still in a gray area, with no local companies authorized yet.

Kalshi takes the lead in Brazil! The prediction market lands outside the United States for the first time.

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Before the ban in Brazil, 27% of welfare funds were used for gambling.

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Brazil extends the implementation period of the gambling ban for social welfare recipients.

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Brazil's state-owned bank Caixa will launch a gambling platform in November, aiming for a first-year revenue target of 2.5 billion reais.

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Brazil bans social welfare beneficiaries from participating in gambling activities; operators must close related accounts within 30 days.