Flutter “Extremely Disappointed” by Brazil Betting Ban
Brazil.- 1 October 2026 | www.zonadeazar.com Flutter Entertainment said it is “extremely disappointed” by Brazil’s ban on online sports betting and iGaming and confirmed that it has already ceased operations in the country to comply with Provisional Measure 1,394/2026.
The group, which holds a majority interest in Betnacional, is also reviewing all available options, including a potential legal appeal.
Operations Suspended
Flutter confirmed that it has stopped offering sports betting and iGaming in Brazil following measures announced by the Federal Government on 25 September.
The suspension forms part of the company’s immediate compliance with the new framework.
Flutter will continue monitoring political and legal developments before determining its next steps.
Financial Impact
If Flutter Brazil is unable to operate for the remainder of 2026, the company expects:
- Approximately US$70 million less revenue.
- Approximately US$20 million less adjusted EBITDA.
The figures demonstrate how important Brazil had become within the group’s regional strategy.
Flutter Statement
The company said it was “extremely disappointed” by the development.
Flutter said it continues to engage constructively with Brazilian authorities and supports sensible, effective regulation designed to protect consumers from the risks of the unregulated market.
Potential Appeal
Flutter confirmed that it is reviewing all available options.
These include the possibility of challenging the prohibition.
The company joins other operators and trade bodies considering legal action against the new framework.
Betnacional in Brazil
Flutter significantly expanded its presence in Brazil through its majority investment in NSX Group, owner of Betnacional.
The transaction strengthened the group’s position in what had become one of Latin America’s fastest-growing regulated gambling markets.
The prohibition has now dramatically altered that outlook.
Operations Could Resume
Flutter noted that the Provisional Measure requires legislative approval to remain permanently in force.
The company said that if Congress rejects the measure, it would expect its online sports betting and iGaming operations in Brazil to resume.
Legislative Process
The measure has immediate effect but must still be considered by Congress within the constitutional timetable.
Lawmakers may approve, amend or reject the text.
The future of the market will therefore depend on both legislative proceedings and ongoing court challenges.
Illegal Market Concerns
Flutter also highlighted the potential consequences of removing regulated operators.
The company argues that consumers could become more exposed to unlicensed platforms that are not subject to Brazilian safeguards.
Channelisation towards illegal operators has become one of the industry’s principal arguments against the prohibition.
Industry Context
The ban has triggered an immediate response from some of the world’s largest betting groups.
Operators, trade bodies and commercial partners are reviewing contracts, budgets and Brazilian strategies following years of investment in the regulated market.
The impact extends to sports clubs, suppliers, media businesses, affiliates and technology companies.
Next Steps or Impact
Flutter will continue assessing its legal options while monitoring the Provisional Measure’s progress through Congress.
Its Brazilian operations will remain suspended under the current framework.
The expected US$70 million revenue impact demonstrates Brazil’s importance to Flutter and the immediate commercial consequences of the prohibition.
Editó: @fonta
