# Brazil vs Polymarket: The Prediction Market Crackdown | Ep. 762

Page: https://stenobird.com/podcast/igaming-daily-6317678/brazil-vs-polymarket-the-prediction-market-crackdown-ep-762
Text version: https://stenobird.com/podcast/igaming-daily-6317678/brazil-vs-polymarket-the-prediction-market-crackdown-ep-762.md
Podcast: [iGaming Daily](https://stenobird.com/podcast/igaming-daily-6317678)
Published: 2026-04-28T04:00:00+00:00
Episode link: https://share.transistor.fm/s/4a1ad60c
Audio file: https://dts.podtrac.com/redirect.mp3/media.transistor.fm/4a1ad60c/ccbc9dea.mp3
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JSON: https://stenobird.com/v1/public/podcasts/igaming-daily-6317678/episodes/brazil-vs-polymarket-the-prediction-market-crackdown-ep-762
Duration seconds: 1427

## Resource

Prediction markets have become one of the most disruptive forces in global betting, and Brazil has just drawn a clear line. In today’s episode of iGaming Daily , Fernando Noodt is joined by Leonardo Biazzi and Ana Maria Menezes to break down Brazil’s move to restrict prediction markets, block platforms and treat event-based derivatives as part of the country’s existing gambling framework. The discussion explores what this means for major players such as Kalshi and Polymarket , whether Brazil is taking a coordinated regulatory stance, and how this could develop ahead of the country’s presidential election. In this episode: Why Brazil is cracking down on prediction markets What the decision means for Kalshi and Polymarket How event-based derivatives are being treated under Brazilian gambling law Whether prediction markets will challenge the decision in court Why Brazil may be missing an opportunity to regulate instead of prohibit How Lula’s election-year gambling agenda shapes the debate Whether this is the end of prediction markets in Brazil or just the start of a longer battle This is a major moment for Brazil’s betting market and a key test case for how governments may approach prediction markets globally. Host: Fernando Noodt Guests: Leonardo Biazzi & Ana Maria Menezes Learn how Optimove’s Positionless Marketing is changing how iGaming teams operate. Discover how operators are using Optimove’s Positionless Marketing Platform to launch personalised CRM campaigns, dynamically change casino lobbies and bet slips, and create engaging gamified experiences. Learn more at optimove.com . Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service. #…

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## Transcript

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