On April 27, Brazil’s primary stock exchange, B3, will launch six new derivative contracts that let investors wager on the probability of future events, such as changes in the price of bitcoin, the dollar, and the Ibovespa index.
The instruments, known as Event Contracts, function using a structure akin to prediction markets such as Polymarket and Kalshi. The market’s assessed probability of an event is reflected in the price of each contract, which ranges up to 100 reals ($19).
According to the exchange, B3’s contracts are intended for professional investors and are governed by Brazil’s securities authority (CVM).
The six contracts cover spot prices and mini futures for bitcoin, the U.S. dollar, and the Ibovespa index. Like cryptocurrency price prediction markets on Kalshi and Polymarket, they are set up with defined payouts and known risks from the start.
The underlying assets are not delivered to traders; instead, settlement is cash-based. Currently, the new products can only be traded by investors who have CVM certification or more than 10 million reals ($1.9 million) in assets.
The introduction is part of a larger effort to modernise derivatives trading in Brazil, according to Luiz Masagão, vice president of Products and Clients at B3.
According to Masagão, the exchange has closely monitored the development of predictive platforms abroad and currently offers contracts linked to central bank decisions in a number of countries.
Source: X.com
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