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Brazilian lawmakers weigh sports-only betting reopening as casino ban stays

Regulation

Brazilian lawmakers are considering a proposal to restore sports betting while keeping online casino prohibited as Congress reviews MP 1.394. Supreme Court Justice Luiz Fux has frozen lower-court challenges to the measure, which revoked licences held by international operators including Flutter, Entain and Betsson.

Operators face uncertainty over whether Brazil will reopen sports betting while excluding online casino.

End-of-day close Flutter (FLUT), USD, to 11 November 2026
Story date29 September 202611 November 2026

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Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

Entain LSE: ENT

Financial year ended 31 December 2025

Revenue
GBP 5.26bn
Operating income
GBP 495.7m

Betsson Nasdaq Stockholm: BETS B

Quarter ended 30 September 2026

Revenue
EUR 3.62bn

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Regulation

Brazilian Supreme Court justice adds sports bodies to betting-ban hearing

Brazilian Supreme Court Justice Luiz Fux asked for the Ministry of Sport and the Brazilian Olympic Committee to join a public hearing on the country’s betting ban, scheduled for 3 November, the report said. The case concerns Provisional Measure 1,394, signed on 25 September, which bans the operation, offering, intermediation and advertising of sports betting and virtual games.

Justice Luiz Fux of Brazil's Supreme Court has requested that the Ministry of Sport and the Brazilian Olympic Committee (COB) join a public hearing on the national betting ban, set for 3 November. The session is to take place before the court's Second Panel.

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