The expansion of Polymarket in Brazil it has provoked a direct reaction from the sports betting sector, which began to pressure the federal government so that predictive market platforms are covered under the same rules applied to bets.
According to Guilherme Amado’s column, in Beloved Worldcompanies in the segment organize meetings with members of the economic team to argue that contracts based on future events, such as elections or economic indicators, are similar in nature to betting. In the opinion of operators, this model should be subject to the same regulatory regime, including operational requirements and restrictions that are not currently applied to these platforms.
The movement gained strength after the American company expanded its presence in the country with campaigns aimed at the Brazilian public. In advertising pieces, the platform compares its potential returns to those of sports betting and uses critical messages to attract users, which has increased concern among competitors in the sector.
The topic, however, is not restricted to the betting market. The debate also involves agents in the financial system, as predictive markets allow the negotiation of contracts linked to future events. For the betting sector, it is essentially gambling, an interpretation that, if adopted by the government, could significantly expand the scope of regulation over this type of activity in Brazil.
Fonte: Gaming365 – Brasil
