Brazil’s Secretariat of Prizes and Bets (SPA) granted full operating licences to 21 betting companies, bringing the total to 35 licensees and 173 authorised brands, according to the report. Twenty of the newly licensed companies had previously held provisional authorisation.
Operators with provisional authorisation can assess their transition to full licensing in Brazil’s regulated betting market.
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Flutter-owned Betfair plans to stop operating in New Zealand later in July and will accept bets until 23 July. The company said the change is needed to comply with a legislative amendment; it is unclear whether Betfair will seek one of the planned online casino licences.
Betfair continues to offer its products in Italy while Flutter reviews the operation and remains in contact with the regulator about next steps, the company was reported to be doing on 10 November 2026. The Italian affiliate programme closed on 31 October, while no closure date for customer services had been communicated.
Betfair continues to offer its products in Italy while owner Flutter reportedly reviews the operation and remains in contact with the regulator about next steps. Rumours that Betfair could close its Italian operations have not been confirmed.
Betfair will continue operating in Italy through the end of 2026, with Flutter postponing its decision on the market to 2027, according to a report citing sources inside the company. The review reportedly takes account of Italy’s remote-gambling concession costs and the timetable for technology changes set by ADM; Betfair’s Italian affiliate programme ended on 31 October 2026.
Flutter reduced its FY2026 forecasts after Brazil’s betting shutdown and unfavourable sports results in its US and International segments. Q3 adjusted EBITDA fell 25% to $360 million; the company lowered its revenue guidance midpoint by $300 million to $17.61 billion and its adjusted EBITDA forecast by $160 million to $2.495 billion, according to its results.
Flutter Entertainment reported a net loss of $1.15bn for the three months ended 30 September, compared with $789m a year earlier. It recorded an $873m non-cash charge relating to Brazil and said it closed its Brazilian operations on 26 September after a provisional measure banned online betting and gaming.