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Flutter forecasts Brazil ban will cut 2026 revenue by about $70m

Regulation

Flutter said Brazil’s online gambling ban is expected to reduce its 2026 revenue by approximately $70m and EBITDA by around $20m. Allwyn said it was assessing mitigations and preparing legal action to protect its five-year operating licence for Betano’s parent, Kaizen Gaming. The report also said Betano plans to enter four additional countries in early 2027.

Brazil’s ban threatens Flutter’s revenue and EBITDA, while Allwyn is preparing legal action to protect Kaizen Gaming’s licence.

End-of-day close Flutter (FLUT), USD, to 6 November 2026
Story date14 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

Allwyn Athens: ALWN

Quarter ended 30 June 2026

Revenue
EUR 1.25bn
Operating income
EUR 141.0m

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