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Regulatory authorities in Brazil have moved to restrict prediction markets before conducting thorough analysis of their nature and potential benefits. This reactive approach follows a familiar pattern in the country, where innovative business models face resistance and are often forced into pre-existing legal categories that don't fit, potentially causing Brazil to miss out on a rapidly growing global market worth billions of dollars.

This weekly bulletin from Mayer Brown's Brasília litigation team highlights key cases scheduled for judgment by Brazil's Supreme Federal Court, Superior Court of Justice, and Federal Court of Accounts, along with important legislative matters before the Chamber of Deputies and Federal Senate. The briefing covers critical legal developments across banking, civil procedure, energy infrastructure, insurance, telecommunications, and tax law that will shape Brazil's regulatory landscape.

Brazil's Federal Government has issued Decree No. 13,095/2026, establishing a comprehensive regulatory framework for carbon dioxide capture, pipeline transport, and geological storage activities. The decree outlines technological routes including BECCS, CCS, CCUS, and DACCS, while designating the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) as the authorizing body and integrating these activities with Brazil's Emissions Trading System for potential carbon credit generation.