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Sports BettingSeptember 28, 2026·1 min read
Flutter Entertainment Halts Brazilian Operations Due to Gambling Ban
Flutter Entertainment, the world’s leading online sports betting and iGaming operator, has ceased operating sports betting and iGaming in Brazil following a provisional executive order issued by the Brazilian Government banning online betting and gaming.
The executive order is expected to require Congressional approval or amendment within 120 days to remain in effect. Should Congress reject this measure, Flutter expects its online sports betting and iGaming activity to recommence.
If Flutter Brazil is unable to operate for the remainder of the year, it is expected to result in a reduction to 2026 revenue of approximately $70m and a reduction in adjusted EBITDA of approximately $20m.
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