B3, the largest stock exchange in Latin America, announced it will launch a suite of derivatives instruments called Event Contracts on April 27, enabling eligible investors to take directional bets on Bitcoin prices, currency movements, and equity index levels without holding any underlying assets.
Six Contracts Covering Bitcoin, USD, and Stock Index
The initial lineup includes six contracts covering the Ibovespa index, the U.S. dollar, and Bitcoin — with Bitcoin offered in both mini futures and spot price formats. All contracts feature fixed payouts, with known risk from the start, and are settled in cash rather than through physical delivery.
Structurally similar to prediction markets like Kalshi and Polymarket, B3's version operates within Brazil's traditional financial infrastructure and is supervised by the country's securities authority, the CVM.
Hefty Entry Threshold of Nearly $1.9M
Access is tightly restricted. Only investors holding at least 10 million Brazilian reais (roughly $1.9 million) in assets, or those with formal CVM certification, may participate at launch. The deliberate restriction confines the product to professional and institutional investors, at least until the market matures and regulators gain confidence in how the instruments are used.
Luiz Masagão, B3's vice president of Products and Clients, framed the launch as part of a broader effort to bring Brazil's derivatives market in line with global standards, pointing to the rapid growth of structured prediction products in other markets as a reference.
Building a Broader Crypto Derivative Ecosystem
The Event Contracts are the latest piece in B3's multi-year digital asset buildout. The exchange already lists crypto-linked ETFs originally launched in 2021, ahead of similar products in the United States. Those ETFs now serve roughly 600,000 investors and hold around $2.4 billion in assets under management.
Beyond Event Contracts, B3 is developing weekly options on Bitcoin, Ether, and Solana, as well as a tokenization platform that would bring traditional assets like equities onto the blockchain. Alongside that platform, the exchange plans to issue a stablecoin pegged to the Brazilian real, intended as a settlement mechanism for tokenized transactions. Both are expected in the second half of 2026.