Brazil’s B3 exchange to offer bitcoin-linked ‘event contracts’ for the ultra-rich
The contracts are regulated by Brazil’s securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.
What to know:
- Brazil’s main stock exchange B3 will launch six new event contracts on April 27 that allow investors to bet on future outcomes, including bitcoin prices and currency movements.
- The contracts are regulated by Brazil’s securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.
- The launch is part of B3’s broader effort to modernize derivatives trading in Brazil, and the exchange is also developing its own tokenization platform and stablecoin expected to launch this year.
Brazil’s main stock exchange B3 will begin offering six new derivatives contracts on April 27 that allow investors to bet on the likelihood of future events, ranging from the price of bitcoin to movements in the dollar and Ibovespa index.
The instruments, called Event Contracts, operate on a framework similar to prediction markets like Kalshi and Polymarket. Prices range up to 100 reals ($19), with each contract’s price reflecting the market’s estimated probability of an outcome.
B3’s contracts are regulated by Brazil’s securities authority (CVM) and designed for professional investors, the exchange said.
The six contracts cover mini futures and spot prices for the Ibovespa index, the U.S. dollar, and bitcoin. They are structured with fixed payouts and known risks from the outset, like crypto price prediction markets on Kalshi and Polymarket.
Traders won’t take delivery of the underlying assets, and settlement is instead cash-based. For now, only investors with more than 10 million reals ($1.9 million) in assets or CVM certification can trade the new products.
B3’s vice president of Products and Clients, Luiz Masagão, said the launch is part of a broader push to modernize derivatives trading in Brazil.
