Flutter falls on Brazil online-betting ban warning

By Reuters News

**Betting giant Flutter Entertainment's shares FLUT.N fall 5.4% to $78.70 in afternoon trading

** Co warns of a hit to future results if Brazil's new online-betting ban is upheld

** Says the ban could reduce its 2026 revenue by $70 mln and adjusted core profit by $20 mln

** Brazil's provisional measure revokes online-betting licenses and requires congressional approval within 120 days to remain in force

** FLUT is reviewing options, including a potential appeal

** 23 of 32 brokerages rate the stock "buy" or higher and nine "hold"; median PT is $126

** Including session's move, stock down 63.5% YTD

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