Polymarket in Brazil
Not available: banned by Brazil's finance authorities and close-only on Polymarket.
| Polymarket status | Close-only |
|---|---|
| National position | Banned or blocked by the regulator |
| Regulator | Ministério da Fazenda (Ministry of Finance); Conselho Monetário Nacional (CMN); Anatel (blocking) |
| Last reviewed | 23 October 2026 |
The legal situation in Brazil
In April 2026 Brazil banned about 27 prediction market platforms, including Polymarket and Kalshi, under a Ministry of Finance directive, with Anatel enforcing the blocks. CMN Resolution 5.298 bars event contracts on sports, politics, entertainment and social events. Contracts on economic indicators remain allowed under financial oversight. Polymarket also lists Brazil as close-only.
Key facts
- 24 Apr 2026: ban announced; CMN Resolution 5.298 took effect in early May 2026.
- Anatel enforces ISP blocking.
- Event contracts on inflation, interest rates, FX and commodities remain permitted.
What are your options in Brazil?
If Polymarket or local law restricts this country, the honest answer is: don't try to get around it. VPNs and third-party wallets break Polymarket's terms, can get funds frozen and may be illegal locally. Look for prediction markets or exchanges licensed by Ministério da Fazenda (Ministry of Finance); Conselho Monetário Nacional (CMN); Anatel (blocking), and check back here: rules change.
Sources
General information, not legal advice. Check the regulator's own website before acting.
Frequently asked questions
Is Polymarket legal in Brazil?
Not available: banned by Brazil's finance authorities and close-only on Polymarket.
Can I use a VPN for Polymarket in Brazil?
No. Using a VPN to reach Polymarket from a restricted location breaks its terms of service and can lead to frozen accounts. It may also break local law.