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Flutter urges Ireland to keep betting duty unchanged as tax options are assessed

Regulation

Flutter asked Ireland’s finance minister to keep the current betting duty unchanged as the government considers measures for Budget 2027, according to reported correspondence. Finance Department estimates put additional annual revenue at €26.5m for a bookmaker duty rise to 2.5%, or €53m at 3%; no increase has been decided, and the projections assume betting volumes and operator behaviour stay constant.

A duty increase could change the tax costs facing regulated bookmakers in Ireland.

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

Lula's proposed betting ban leaves Brazil's regulated market uncertain

Brazil's election and President Luiz Inácio Lula da Silva's reported plan to repeal the 2024 betting law have left the industry's future uncertain, according to the account. It says an emergency decree would require betting agencies to close by 25 October and players to complete withdrawals by 5 October, but the measure's fate remains subject to Congress and a possible Supreme Court challenge.

Brazil's President Luiz Inácio Lula da Silva has announced his intention to repeal the 2024 betting law, according to the report, nine days after the first round of voting on 4 October. The repeal took the form of an emergency presidential decree requiring betting agencies to close by 25 October and players to complete withdrawals from their accounts by 5 October.

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