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Flutter-commissioned study reports identity checks at unlicensed UK betting sites

Regulation

A study commissioned by Flutter found that researcher Alex Wood registered with unlicensed betting sites using other people’s and fictitious details during Cheltenham week. Wood said some sites allowed him to bet while using details indicating he was under 18 or registered with GAMSTOP; the findings concern risks in the UK’s unlicensed market.

The reported signup practices raise compliance and consumer-protection concerns for licensed operators and regulators.

End-of-day close Flutter (FLUT), USD, to 15 May 2026
Story date17 February 202615 May 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

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

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