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Cotton Fails to Hold onto Gain on Wednesday

Cotton futures slipped into the Wednesday close, as contracts were down 7 to 12 points in the front months. Crude oil futures were up $1.26 per barrel on the day at $64.47. The US dollar index was up $0.214 to $97.515. Tuesday’s online auction from The Seam showed sales of...

Cotton Fails to Hold onto Gain on Wednesday 2026/02/05 10:42

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Kalshi, Polymarket among 27 prediction platforms banned in Brazil

Kalshi, Polymarket among 27 prediction platforms banned in Brazil

Brazil has blocked 27 prediction market platforms, including Kalshi and Polymarket, as new rules classify many contracts as gambling.

Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket.

The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore operate illegally.

“We have been monitoring the evolution of this sector in Brazil, which suffered a period of anarchy because there were no rules, no oversight, from 2018 to 2022,” Finance Ministry executive secretary Dario Durigan reportedly said during a press conference at the Palácio do Planalto.

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Kalshi, Polymarket among 27 prediction platforms banned in Brazil 2026/04/25 06:51

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