Flutter halts Brazil online betting, warns of $70 million 2026 revenue hit

• Flutter Entertainment halted online sports betting and iGaming operations in Brazil following a provisional government ban announced Sept. 25, 2026.
• The executive order requires congressional approval or amendment within 120 days to remain in effect.
• A full-year shutdown would cut 2026 revenue by about $70 million; adjusted EBITDA would fall by about $20 million.
• Management is weighing response options, including a potential appeal; non-cash accounting impacts are under review.

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