The Ministry of Finance equates these platforms with betting operators and announces blocks, financial control, and increased pressure on unauthorized operators.
The Brazilian government has intensified its crackdown on the illegal betting market with a new initiative targeting “prediction market” platforms, which allow users to trade contracts based on the outcome of real-world events such as political decisions, economic indicators, sports events, or cultural awards.
The Ministry of Finance has established the view that these platforms operate under a logic equivalent to fixed-odds betting, as they allow users to make predictions about future events with predefined returns or rewards. As a result, they will now be subject to the same regulatory and supervisory rigor as authorized betting operators in the country.
The measure is supported by new rules from the National Monetary Council (CMN) and has already led to the shutdown of 28 such platforms. According to the Brazilian government, these operations are sometimes presented as investment instruments or user agreements, but in practice they operate outside the financial system and can be used to circumvent betting legislation.
The government will apply to these prediction markets the same tools used against illegal betting, including blocking websites and applications, as well as coordinating with financial and payment institutions to interrupt their operations. The strategy aims to prevent the emergence of a new unregulated market, with risks related to over-indebtedness, lack of transparency, and exposure of minors to gambling dynamics.
Resolution No. 5,298 of the CMN reinforces this approach by prohibiting in Brazil the offering and trading of derivative contracts whose underlying assets are linked to entertainment, political, or sports events. As a result, these operations can no longer be presented as investment products when they actually replicate gambling mechanics.
The results of this regulatory crackdown are significant. Brazil has already blocked more than 39,000 irregular websites in collaboration with the National Telecommunications Agency (Anatel) and has removed 203 applications operating outside federal regulation. In addition, actions involving financial and payment institutions have resulted in 1,665 notifications and the closure of 697 accounts linked to suspicious illegal betting operations.
At the same time, the Secretariat of Prizes and Betting (SPA) continues to supervise the regulated market. So far, 172 proceedings have been initiated involving 73 operators and 145 brands, of which 100 are ongoing sanctioning procedures. These actions include monitoring irregular betting, ensuring compliance with responsible gaming obligations, platform certification, and the proper use of bonuses.
With this decision, Brazil reinforces the regulatory message issued since the opening of its betting market: there will be no room for operators attempting to operate outside the authorized system or for structures seeking to bypass regulations through products presented as investment, prediction, or financial entertainment.
18+ | Juegoseguro.es – Jugarbien.es
