Better Collective Stock Plunges Amid Brazil Betting Ban

By EC Assets · Published 28 September 2026

Better Collective shares plunged on Monday, reaching levels last observed in early 2020. The decline followed Brazil's introduction of a nationwide prohibition on fixed-odds betting and online gaming. The company's stock experienced a significant drop in its trading value. Better Collective shares plunged 24%. The stock traded at SEK 80.6 after the Brazilian government implemented a Provisional Measure on September 25. This measure imposed a nationwide prohibition on fixed-odds sports. One report also indicated a 24.1% plunge. The company has recently faced revenue declines. Better Collective's Q1 2025 revenue decreased by 14% compared to the previous quarter. It also saw a 13% year-over-year decline in Q1, resulting in Q1 revenue of EUR83 million. The company achieved EUR9 million in cost reductions year over year in Q1. Better Collective has previously navigated regulatory challenges. This article is intended for informational purposes only. It does not constitute investment advice.