Brazil’s Chamber of Deputies removed Article 14 from the Antifaction Bill, which was approved on February 24, 2026, eliminating the 15% proposed tax on deposits made to...
Brazil approves B3 to launch the first prediction market
The Brazilian Securities and Exchange Commission (CVM) has approved B3 to launch the country’s first prediction market for professional investors.
B3 plans to launch in the first quarter of 2026, but the CVM will initially limit trading to professional investors with assets over $1.9 million. The prediction market will offer binary options like “yes” or “no” scenarios on the dollar, bitcoin, and Ibovespa.
B3 President Gilson Finkelsztain said:
“The world of derivatives is increasingly approaching the frontier of the predictive market.”
Brazil launched its regulated online gambling market just one year ago, in 2025, under the Ministry of Finance’s Secretariat of Prizes and Bets (SPA); however, B3 and prediction markets will be supervised by the CVM instead of Brazil’s iGaming framework.
There is disagreement over the regulation of prediction markets in Brazil, as supervision could fall under the Central Bank or the Ministry of Finance, along with the CVM. Other operators, including Previas and Palpitada, already offer futures markets in regulatory grey areas, with Futuriza having announced a launch in March 2026 to include options on political, economic, sports, and entertainment markets.
In Brazil, unlike the U.S., if an activity involves a payout based on a future event, it’s classified as a “lottery modality” unless it meets the specific criteria for a financial derivative.
After Régis Dudena, Brazil’s Secretary of Prizes and Betting, left his position, Daniele Correa Cardoso was appointed as the new head of the country’s gambling regulator.
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