"B3's six Event Contracts are tied to spot and mini futures movements in the Ibovespa index, the Brazilian real, and bitcoin, with prices capped at 100 Brazilian reais (around $19) and cash settlement only."
"The launch lands three days after the Conselho Monetario Nacional (CMN) published Resolution CMN n 5,298, which prohibits derivatives based on real sports events, online games, and political, electoral, social, cultural, or entertainment events."
"The contracts rely on the same mechanical structure used by U.S.-based prediction market operators Kalshi and Polymarket, and they have been authorized by Brazil's securities regulator, the Comissao de Valores Mobiliarios (CVM)."
B3 has introduced six Event Contracts linked to bitcoin, the Ibovespa index, and the Brazilian real. These contracts are designed for professional investors and are cash-settled. The launch follows a new regulation from the National Monetary Council that prohibits derivatives based on sports and political events, effective May 4. The contracts utilize a structure similar to U.S. prediction markets and have received approval from Brazil's securities regulator, the Comissao de Valores Mobiliarios.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]