Genius Sports Limited said Brazil's new Provisional Measure prohibiting fixed-odds betting and online gaming will have minimal impact on its business, and reaffirmed its full-year 2026 guidance. The company said that given the structure of its commercial agreements, it has minimal attributable betting revenue from Brazil, and the financial impact is anticipated to be similarly immaterial to Legend. Genius Sports reiterated full-year 2026 guidance of $1.005B to $1.025B in Group Revenue and $285M to $295M in Group Adjusted EBITDA, saying its expectations remain unchanged. The company said its partnerships with Brazilian sports remain unaffected, with its relationship with the Brazilian Football Confederation centered on GeniusIQ, which powers semi-automated offside technology and other products delivered directly to teams, leagues and federations independent of betting. Co-Founder and CEO Mark Locke said Genius Sports has been skeptical about how long it would take to generate meaningful betting revenue in Brazil and has been fairly conservative in how it thinks about the market, adding that Brazil remains a valued market and work with CBF through GeniusIQ and officiating technology will continue as before.
Genius Sports LtdBrazil's betting ban has minimal impact and Genius Sports reaffirmed its 2026 guidance, with CBF/GeniusIQ partnerships unaffected.
Legend Holdings Corp
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