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Brazilian provisional measure ends betting authorisations for 85 companies

Regulation

Brazil’s Provisional Measure 1,394/2026 ordered the termination of betting authorisations held by 85 companies within 30 days, according to the report. It also required operators to remove sites, apps, advertising and sponsorship signs within ten days, without compensation for the authorisations. Flutter said the suspension in Brazil through the end of 2026 could reduce revenue by about US$70 million and adjusted EBITDA by US$20 million.

Operators and suppliers face a short withdrawal timetable, while the measure removes authorisations granted for five years.

End-of-day close Flutter (FLUT), USD, to 6 November 2026
Story date26 August 20266 November 2026

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

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Regulation

Brazil betting associations ask Supreme Court to suspend provisional measure

ANJL, IBJR and Anseja asked Brazil’s Federal Supreme Court on 3 November to suspend Provisional Measure 1.394/2026 until Congress votes on it or the court rules on its merits. The associations said operators had each paid BRL30 million for five-year licences and warned that the measure could leave those fees unrecoverable; Anseja estimated potentially affected tax revenue at BRL12.7 billion or more.

Brazil's main betting sector associations have asked the Federal Supreme Court (STF) to suspend Provisional Measure 1.394/2026 until Congress rules on its content or the court decides the merits. The National Association of Games and Lotteries (ANJL), the Brazilian Institute for Responsible Gaming (IBJR) and Anseja presented their arguments to the court on 3 November, at a hearing where they questioned the legal certainty and economic consequences of the decision. The hearing ended without Justice Luiz Fux issuing a ruling or granting the requested interim suspension. No date was set to decide the merits, so the measure remains in force.

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