NSX CEO Takes Charge of Flutter Brazil as Deal Closes
Flutter has announced the completion of its deal to acquire a majority stake in Brazil-facing NSX Group, with NSX CEO João Studart to lead the new Flutter Brazil business.
Last September, Flutter announced a deal to acquire an initial 56 percent stake in NSX, which is the parent company of the Brazil-facing Betnacional brand, with the agreement amounting to $356 million.
The acquisition has now been completed, with Studart set to lead a Flutter Brazil business that will also include Flutter’s existing Betfair Brazil brand.
“Today, we begin a new stage in our journey,” Studart said. “It is the recognition of a work that began as a Brazilian startup and that, with strategic vision, talent and consistency, has consolidated itself as a reference in the betting and digital entertainment sector, with leading brands such as Betnacional.”
Landmark Regulation in Paraguay Eliminates Gambling Monopoly
The Paraguay government has approved new gambling laws that will eliminate the monopoly, in what marks a landmark moment for the nation’s gambling sector.
Law No 7348/2025 aims to modernize gambling regulations in Paraguay, inviting private operators to enter the market after previously having to gain access through a tender process.
The new regulations also place the National Gaming Commission (Conajzar) under the National Directorate of Tax Revenue, with the aim of increasing the regulator’s powers and leading to more state contributions from the gambling sector.
Conajzar President Carlos Liseras claims the new regulations could cause state contributions from gambling to rocket in Paraguay, potentially doubling or even far exceeding the record PYG175.8 billion ($21.9 million) received in 2024.
IBIA and Brazilian Ministry of Sports Join Forces
The Brazilian Ministry of Sports has signed an agreement with the International Betting Integrity Association (IBIA) with the aim of boosting sports integrity efforts in Brazil.
Announced on May 14, the deal will enable the sharing of information related to suspicious betting activity on Brazilian sports, while supporting collaboration on investigations between the two bodies.
André Fufuca, the minister of sport in Brazil, believes the agreement will serve as a “milestone” moment in the fight against match-fixing, saying: “With these agreements, we will have more than enough instruments to curb this practice and guarantee greater transparency in competitions.”
“This agreement will ensure that information on suspicious betting is swiftly shared with the Ministry to support effective integrity actions,” IBIA CEO Khalid Ali added.
Brazil Serves as Test Market for Sportradar’s iGaming Platform
Sportradar CEO Carsten Koerl says the company is using Brazil as a test market for its iGaming services, already onboarding 50 clients in the country.
Speaking on Sportradar’s Q1 earnings call on May 12, Koerl said the company is looking to drive growth for operators with its managed trading services and iGaming marketing solutions.
Koerl believes iGaming is a “natural extension” of Sportradar’s business, stating the strategy in Brazil is to offer a fully integrated 360-degree solution that boosts growth over the player life cycle.
“We are leveraging these relationships and experienced a strong test in the market of Brazil under way for iGaming,” Koerl said.
