{"id":71732,"date":"2026-04-28T06:01:57","date_gmt":"2026-04-28T06:01:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/b3-to-launch-bitcoin-linked-prediction-contracts-as-brazil-bans-polymarket-and-kalshi\/"},"modified":"2026-04-28T06:01:57","modified_gmt":"2026-04-28T06:01:57","slug":"b3-to-launch-bitcoin-linked-prediction-contracts-as-brazil-bans-polymarket-and-kalshi","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/b3-to-launch-bitcoin-linked-prediction-contracts-as-brazil-bans-polymarket-and-kalshi\/","title":{"rendered":"B3 to Launch Bitcoin-Linked Prediction Contracts as Brazil Bans Polymarket and Kalshi"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>B3 launches six Event Contracts on April 27, with <span>bitcoin<\/span> among three underlying assets.<\/li>\n<li>CMN Resolution 5,298 bans sports and political prediction derivatives starting May 4.<\/li>\n<li>ANATEL has blocked 28 <span>prediction market<\/span> platforms including Polymarket and Kalshi.<\/li>\n<\/ul>\n<h2>Brazil Draws a Regulatory Line Between Asset and Event Derivatives<\/h2>\n<p>B3\u2019s six Event Contracts are tied to spot and mini futures movements in the Ibovespa index, the Brazilian real, and <span>bitcoin<\/span>, with prices capped at 100 Brazilian reais (around $19) and cash settlement only. The contracts rely on the same mechanical structure used by U.S.-based <span>prediction market<\/span> operators Kalshi and Polymarket, and they have been authorized by Brazil\u2019s securities regulator, the Comiss\u00e3o de Valores Mobili\u00e1rios (CVM). They are restricted to professional investors with at least 10 million reais (approximately $1.9 million) in assets or holding CVM technical certification.<\/p>\n<p>The launch lands three days after the Conselho Monet\u00e1rio Nacional (CMN), Brazil\u2019s top monetary policy body, published <a href=\"https:\/\/www.bcb.gov.br\/estabilidadefinanceira\/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20CMN&amp;numero=5298\" target=\"_blank\" rel=\"noopener noreferrer\">Resolution CMN n\u00ba 5,298<\/a> on April 24. The resolution prohibits derivatives based on real sports events, online games, and political, electoral, social, cultural, or entertainment events, while preserving derivatives tied to economic and financial variables. The rules take effect May 4, with enforcement and complementary regulation delegated to the CVM.<\/p>\n<p>At a press conference the same day, Finance Minister Dario Durigan and Civil House Minister Miriam Belchior announced that Brazil\u2019s National Telecommunications Agency (ANATEL) had blocked access to 28 <span>prediction market<\/span> platforms operating without authorization, with Secretariat of Prizes and Bets (SPA) head R\u00e9gis Dudena confirming further blocks would follow for any platforms outside the CMN\u2019s permitted scope.<\/p>\n<p><a href=\"https:\/\/www.planalto.gov.br\/ccivil_03\/_ato2023-2026\/2023\/lei\/l14790.htm\" target=\"_blank\" rel=\"noopener noreferrer\">The resolution explicitly cites<\/a> Brazil\u2019s federal sports betting framework as the legal basis for distinguishing licensed fixed-odds betting from event-based derivatives. The Instituto Brasileiro de Jogo Respons\u00e1vel, an industry trade body for licensed Brazilian operators, <a href=\"https:\/\/bnldata.com.br\/ibjr-apoia-resolucao-do-cmn-sobre-derivativos-que-veda-arbitragem-regulatoria-e-protege-mercado-legalizado-de-apostas\/\" target=\"_blank\" rel=\"noopener noreferrer\">endorsed the resolution<\/a> the same day, framing it as preventing \u201cregulatory arbitrage\u201d by foreign platforms attempting to operate as financial instruments rather than licensed gambling operators.<\/p>\n<p>Founded in 2017 from the merger of BM&amp;FBovespa and Cetip, B3 (Brasil, Bolsa, Balc\u00e3o) is Brazil\u2019s main stock exchange and the largest financial market infrastructure operator in Latin America. B3 already offers <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> futures contracts, launched in April 2024, alongside derivatives tied to equities, currencies, commodities, and interest rates.<\/p>\n<p>This launch is <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/04\/01\/brazil-s-b3-stock-exchange-to-launch-bitcoin-linked-event-contracts\" target=\"_blank\" rel=\"noopener noreferrer\">the first federally regulated prediction market in Brazil<\/a> per the company\u2019s own framing and arrives precisely on the right side of the new line. TK source on this According to Luiz Masag\u00e3o, B3\u2019s Executive Vice President of Products and Clients, the contracts form part of a broader strategy to modernize the country\u2019s derivatives market, with B3 already offering instruments linked to central bank decisions in other jurisdictions.<\/p>\n<p>The exchange has separately disclosed plans to launch a tokenization platform and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> before year-end, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-01\/brazil-s-b3-eyes-election-bets-as-it-enters-prediction-markets\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg reported<\/a> earlier this month. The launch comes amid a global <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction market<\/a> boom, with Kalshi having entered Brazil in January <a href=\"https:\/\/news.bitcoin.com\/kalshi-partners-with-xp-to-launch-prediction-markets-in-brazil\/\">via a partnership with brokerage XP International<\/a>. With Polymarket, Kalshi, and 26 other foreign platforms now blocked at the network level, B3 enters a domestic market the government has cleared on its behalf, with tens of billions in notional <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a> up for grabs.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/b3-to-launch-bitcoin-linked-prediction-contracts-as-brazil-bans-polymarket-and-kalshi\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: B3 launches six Event Contracts on April 27, with bitcoin among three underlying assets. CMN Resolution 5,298 bans sports and political prediction derivatives starting May 4. ANATEL has blocked 28 prediction market platforms including Polymarket and Kalshi. Brazil Draws a Regulatory Line Between Asset and Event [&hellip;]<\/p>\n","protected":false},"author":3947362403,"featured_media":71733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71732"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362403"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71732"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71733"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}