While Polymarket positions prediction markets as one of the most interesting verticals of web3 transparency, the Brazilian government goes the other way round stating it is illegal and may constitute a crime or abuse of power

Prediction markets offer a unique way to harness collective intelligence for forecasting outcomes. Despite the Brazilian government's stance, many see the potential for these markets to provide valuable insights and promote transparency in decision-making processes. It's important to consider both perspectives when evaluating the future of prediction markets in different regulatory environments.