The latest Blask Index reveals significant trends in the global betting market, with Iowa reporting a substantial increase of 54.3%. Following closely were Colorado at +44.1%, Mali with +43.4%, Singapore at +42.3%, and Arkansas at +34.8%. Conversely, Switzerland experienced the sharpest decline at 51.7%, accompanied by Brazil at -20.6%, Botswana at -15.2%, Alberta at -14.2%, and Madagascar at -13.8%.
Brazil’s downturn is attributed to the suspension of its regulated betting market under Provisional Measure 1,394. The current Blask Index for Brazil is at 155.3 million, mirroring the 158.7 million recorded in September 2022, but the decline occurred over just four months, with a steep drop in three weeks leading up to this period.
On September 25, 2026, President Lula signed the decree that shut down new betting deposits. The Blask Index for that day registered 5.71 million, of which local operators accounted for 5.41 million (94.83%) and international operators represented 294.9 thousand (5.17%). Even with this decrease, it still appeared as a licensed market setup.
The next day, September 26, the market experienced an unexpected spike, with demand soaring by 41% to 8.05 million. Local operators drew in 7.55 million, while international operators reached 496.5 thousand. This increase was attributed to consumers searching for banned brands. However, by that Sunday, the demand plummeted to 3.41 million for locals and 405.2 thousand for internationals.
By October 2, one week later, the index had dropped to 1.24 million, reflecting a total decline of 78% since the decree was issued. Local operators generated 959 thousand, while international maintained a similar number at 282 thousand. By October 9, following the shutdown of licensed sites on October 6, demand decreased further to an index of 1.01 million, with local operators at 725 thousand and international at 283 thousand.
The trend shows that local demand has collapsed sharply, while international demand has remained consistent, leading to an increase in its market share due solely to the diminishing local market.
In terms of broader trends, Brazil's monthly Blask Index peaked during April and May 2026 at around 240 million but has been declining since, falling to 236 million in June, 192 million in July, 170 million in August, and hitting the current 155 million in September. With the betting regulations coming into effect, it's anticipated that October figures will reflect a further decline, as the week of October 5–11 saw the index reach its lowest point since July 2021.
Meanwhile, the global iGaming landscape saw Bet365 hold onto its leading position in projected revenue for Q3 2026. However, FanDuel briefly surpassed it in September, reducing the gap in their central estimate from $102 million in Q2 to $48 million in Q3, marking a 53% narrowing. Both companies reported quarter-on-quarter losses in revenue potential, with Bet365 falling by 8.0% and FanDuel by 5.6%.
The global iGaming market's Competitive Earning Baseline (CEB) reached $59.1 billion in Q3 2026, down by 2.1% from the previous quarter. Notably, DraftKings was the only top-four operator to record growth, increasing its CEB by 1.3% and narrowing the gap with third-place Bovada.
In Singapore, iGaming demand surged by 42.3% for the week of October 5-11, with demand reaching 713,709, up from 501,550 the previous week. This increase coincided with the revival of the Singapore Premier League, with state operator Singapore Pools being the main contributor to growth.
Meanwhile, litigation surrounding the Brazilian operator Stake saw dramatic shifts. Initially, a federal appeals court upheld the injunction allowing Stake to continue operating temporarily, leading to a spike in search demand sixfold on October 8 before the ruling was reversed on October 9. Stake now faces the same bans as all licensed operators due to the decree, with the matter of the ban's legality still unaddressed as of now. By October 12, Stake Brazil's temporary exemption had been rescinded, and Brazil's licensed betting market remained closed.
