Kalshi, Polymarket among 27 prediction platforms banned in Brazil

Brazil has banned 27 prediction market platforms, including Kalshi and Polymarket, due to new rules classifying many contracts as gambling, which may impact the global prediction market industry and related assets. This move could lead to increased regulatory scrutiny and potential bans in other countries. The ban may also affect the price of assets related to the banned platforms, such as their native tokens or related cryptocurrencies.