Flutter halts Brazil online betting, warns of $70 million 2026 revenue hit
FLUT•Flutter Entertainment halted online sports betting and iGaming operations in Brazil after a provisional government ban announced September 25, 2026. A full-year shutdown would reduce 2026 revenue by about $70 million and adjusted EBITDA by about $20 million.
1. Brazil operations halted
Flutter Entertainment halted its online sports betting and iGaming operations in Brazil following a provisional government ban announced September 25, 2026. The executive order must receive congressional approval or be amended within 120 days to remain in effect; management is weighing response options, including a potential appeal.
2. Estimated financial impact
A full-year shutdown would cut 2026 revenue by about $70 million and adjusted EBITDA by about $20 million. Flutter is also reviewing non-cash accounting impacts.
