DraftKings and Flutter Shares Fall as Brazil Moves to Ban Online Betting

Key Facts

1DraftKings shares fell in sympathy with peer Flutter Entertainment's weakness.

2Brazil moved to ban online sports betting and iGaming, impacting industry sentiment.

DraftKings shares fell in sympathy with peer Flutter Entertainment following reports that Brazil is moving to ban online sports betting and iGaming. Benzinga reported that the regulatory crackdown by the Brazilian government has impacted industry sentiment, leading to a broader decline across the global gambling sector.

DKNG closed at $22.02 on September 25, 2026, while FLUT closed at $83.23 on the same date. The downward pressure saw DKNG hitting a session low of $20.35 on September 25, 2026, as the market reacted to the potential loss of access to the Brazilian market, while FLUT reached a low of $78.9 during the same trading period.