---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-403357"
form_type: "8-K"
ticker: "FLUT"
cik: "0001635327"
company_name: "Flutter Entertainment plc"
filed_at: "2026-09-28T11:00:15+00:00"
generated_at: "2026-10-12T13:29:55.146942+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flutter halts Brazil betting operations after government ban; sees ~$70M 2026 revenue, ~$20M EBITDA hit

## Summary
- Brazil's provisional executive order (announced Sept 25, 2026) bans online betting and iGaming; Flutter ceased its Brazil sports betting and iGaming operations.
- If Flutter Brazil cannot operate for the rest of 2026, expected reduction of approximately $70m in revenue and approximately $20m in adjusted EBITDA.
- The order requires Congressional approval or amendment within 120 days to remain in effect; Flutter expects operations to recommence if Congress rejects the measure.
- Flutter says it is reviewing all options, including a potential appeal, and is assessing associated non-cash accounting implications.
- Flutter says it continues to engage with Brazilian authorities on regulation to protect customers from the unregulated market.

## SEC filing metadata
- accession: 0001193125-26-403357
- form_type: 8-K
- ticker: FLUT
- cik: 0001635327
- company_name: Flutter Entertainment plc
- filed_at: 2026-09-28T11:00:15+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1635327/000119312526403357/0001193125-26-403357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1635327/000119312526403357/d484581d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-403357
- JSON: https://secwatch.observer/filing/0001193125-26-403357.json
- Plain text: https://secwatch.observer/filing/0001193125-26-403357.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.