“brazil’s $100b+ betting-crypto overlap has no event trading platform yet”
Market sizing report on Brazil as a prediction market opportunity. The country is simultaneously the 5th largest betting market ($4.1B GGR, 25M bettors) and 5th in crypto adoption ($6-8B monthly, 90% stablecoins), creating a $100B+ serviceable market with no domestic platform offering event trading mechanics. Regulatory classification by the CVM as derivatives vs. gambling will determine whether institutional capital can participate.
Some technical background helpful
Platforms mentioned: Kalshi, Polymarket