Brazil’s B3 exchange will launch six new bitcoin-linked 'event contracts' on April 27, aimed at professional investors with at least 10 million reais in assets.
These contracts, similar to prediction markets like Kalshi and Polymarket, let traders bet on future outcomes such as bitcoin price movements and the Ibovespa index.
Traders won’t receive underlying assets; settlements are cash-based.
B3’s vice president Luiz Masagão said the move is part of a broader effort to modernize derivatives trading in Brazil.
The exchange is also developing its own tokenization platform and stablecoin, set for release this year.
This launch marks Brazil’s first federally regulated prediction market, entering a competitive global landscape where Kalshi and Polymarket dominate.
Legal oversight remains unclear, as regulators debate jurisdiction among CVM, the Central Bank, and the Ministry of Finance.