Regulation· ★★★· bearish·

Brazil's Justice Dino orders probe into Polymarket use in election campaign

  • —Dino ordered investigators to examine businessmen Tallis Gomes and Pedro Sang's ties to the US-based Rockbridge Network
  • —Police must identify who commissioned the ads and trace the origin of the funds behind posts citing Polymarket data
  • —Brazil's central bank, Coaf, Receita Federal, PGR, Abin and the Justice Ministry were notified
  • —Investigators will check whether foreign funding was linked to interest in Brazil's rare-earth minerals
Why it matters: The inquiry raises regulatory pressure on prediction markets and crypto advertising in Brazil, where Polymarket is already blocked.
Source: Livecoins