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BC BETTER COLLECTIVE CVR . 27652913 27 September 2026 23:08:00 CEST Better Collective updates following regulatory developments in Brazil Following the recent regulatory developments in Brazil , Better Collective adjusts its 2026 financial guidance and suspends its 2027-2028 financial guidance . The Board of Directors has also decided to suspend the execution of its share buyback program . Regulatory release 85 On Friday , September 25 , 2026 , the Brazilian government introduced a Provisional Measure imposing a nationwide prohibition on the operation , offering , intermediation and advertising of fixed - odds betting , covering both sports betting and online gaming . The measure entered into force upon publication and provides for the shutdown of licensed betting and online gaming platforms following a 10 - day transition period . The Provisional Measure must subsequently be considered by the Brazilian Congress to become permanent law . Its initial 60 - day validity period runs until November 23 , 2026 and , if the legislative process has not been completed , may be extended once for a further 60 days . The legislative process leaves a number of potential outcomes . Congress may approve the measure as presented , amend it materially , reject it or allow it to lapse if it is not converted into permanent law within the applicable validity period . Depending on the outcome , the Brazilian betting market could remain prohibited , reopen under the previous framework or transition to a different regulatory structure . The process is taking place against the backdrop of the Brazilian presidential election on October 4 , 2026 . Brazil's federally regulated betting market became effective on January 1 , 2025. As of September 24 , 2026 , 85 companies were authorized to operate under the federal framework . A federal authorization requires an R $ 30 million fee and carries a five - year term . The regulated industry has therefore made substantial financial and operational investments in establishing a compliant market in Brazil . Jesper Søgaard , Co - CEO and Co - Founder of Better Collective , comments : " Brazil only established its fully regulated betting market in January 2025 , and since then a large number of licensed operators have invested significantly in building businesses under the new framework . Removing that regulated market will not eliminate the underlying demand for betting . Instead , it risks pushing millions of players toward illicit offshore operators that have not Better Collective • Sankt Annæ Plads 26-28 • DK - 1250 København