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Flutter Says Brazil Exit Could Cut 2026 Revenue by $70 Million
The company said its departure from the country could also reduce adjusted EBITDA by about $20 million. Flutter and DraftKings shares closed lower on Sept. 30.
Flutter Entertainment, which owns FanDuel, closed at $74.54 on Sept. 30. DraftKings closed at $19. The available figures do not establish that prediction-market activity caused the share declines.
Flutter said it had stopped operating in Brazil after the government banned online betting and gaming. The company estimated that remaining out of the country for the rest of 2026 would reduce revenue by about $70 million and adjusted EBITDA by about $20 million.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.