SectorWire
SearchGet the daily briefing
Menu

Brazil’s gambling groups oppose reported online betting shutdown

Regulation

Brazil’s National Association of Games and Lotteries and the Brazilian Institute for Responsible Gaming criticised a government decision to ban online gambling, saying it could push customers towards unregulated sites. The associations cited licensed-platform use, consumer protections and potential economic effects; the IBJR cited a forecast of R$58bn to R$73bn in revenue at risk between 2027 and 2030. Allwyn said the temporary measure could remain in force until early March 2027, subject to congressional action.

The reported shutdown could affect licensed operators, consumer safeguards and the Brazilian market’s regulatory status.

End-of-day close Allwyn (ALWN), EUR, to 6 November 2026
Story date14 August 20266 November 2026

Latest reported results

Allwyn Athens: ALWN

Quarter ended 30 June 2026

Revenue
EUR 1.25bn
Operating income
EUR 141.0m

Request a correction

Keep reading

Deals & M&A

Better Collective shares fall 37.16% following Brazil betting ban

Better Collective’s shares fell 37.16% over five days following Brazil’s betting ban announcement. Flutter’s shares declined 11.52% over the same period. It was reported that Better Collective estimated a €15m impact for the rest of 2026 and suspended its 2027 guidance.

Better Collective's share price fell 37.16% over five days following the announcement of a provisional measure to ban online gambling in Brazil, according to share price data cited in a report on 29 September 2026. The report said the decline came five days after President Lula's announcement and ahead of the first round of the election on 4 October.

Continue reading