Brazil's president calls for online casinos to be banned

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12.03.2026 (22:02)
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In Brazil, a new debate is brewing around the prediction markets following the announcement of the Kalshi platform's entry into the local market.

Brazilian President Luiz Inácio Lula da Silva has stepped up criticism of the country's online gambling sector, pledging to work with Congress to shut down virtual casinos.

Predictive markets platform Kalshi has announced the launch of its service in Brazil, marking the company's first foray into the international market.

The year 2025 is a watershed year for the Latin American rates market, with Brazil as the main driver of growth.

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