Brazil bans fixed-odds betting and online gaming; Genius Sports says impact is minimal
GENI•Brazil issued a provisional measure on Sept. 25, 2026, banning fixed-odds betting and online gaming. Genius Sports expects minimal revenue impact and reaffirmed 2026 guidance of $1.005 billion to $1.025 billion in revenue and $285 million to $295 million in adjusted EBITDA.
1. Genius Sports outlook
Genius Sports said it expects minimal revenue impact from Brazil’s ban because its attributable betting exposure to the country under existing commercial agreements is limited. Its work with Brazil’s football federation remains unchanged, and it said its GeniusIQ products are independent of betting activity.
