This week’s Blask Index report shows significant fluctuations in the global betting market. Iowa topped the list with a staggering 54.3% increase, followed by Colorado at 44.1%, Mali at 43.4%, Singapore at 42.3%, and Arkansas at 34.8%. Conversely, Switzerland experienced the largest decline, plunging by 51.7%, while Brazil faced a drop of 20.6%. This decline in Brazil coincides with the suspension of its regulated betting market due to Provisional Measure 1,394.
Brazil’s Blask Index settled at 155.3 million in September 2026, nearly returning to the figures recorded in September 2022, which stood at 158.7 million. Interestingly, this decline wasn’t the result of a year-long trend but rather occurred over a short span of just four months, culminating in a steep drop within three weeks.
In an analysis comparing three consecutive Fridays, it becomes clear how this downturn unfolded. The pivotal moment was on Friday, September 25, when President Lula signed Provisional Measure 1.394, leading to the closure of new deposits. On that day, the Blask Index was 5.71 million, consisting mainly of local operators at 5.41 million (94.83%) and only 294.9 thousand from international operators (5.17%). This marked a 20% drop from an average day before the ban, but the market still exhibited characteristics of a licensed operation.
The following day, Saturday, September 26, demand surged by 41% to 8.05 million, peaking for the period. Local operators accounted for 7.55 million (93.83%) and international operators rose slightly to 496.5 thousand (6.17%). The spike was attributed to heightened interest in the brands being banned. However, by Sunday, the local demand receded to 3.41 million, with international operators seeing a slight increase to 405.2 thousand, giving an international share of 10.63%.
By Friday, October 2, just a week later, the Blask Index plummeted to 1.24 million. Local operators reported 959 thousand while international operators stood at 282 thousand. This represented a staggering 78% drop since the decree day, with local demand falling 82% and international demand remaining relatively stable at -4%. The share of international operators climbed to 22.7%.
On the following Friday, October 9—after the licensed sites were shut down on October 6—the index reached 1.01 million. Local operators held 725 thousand and international operators saw a slight decrease to 283 thousand. This total marked a 19% dip from the previous Friday and an 82% decline from the decree day, contributing to an international share of 28.1%.
The data highlights a stark pattern: local demand plummeted significantly while international figures remained steady due to the vanishing local market. Brazil’s Blask Index peaked dramatically in April and May 2026 at around 240 million but has consistently declined since then, hitting 236 million in June, 192 million in July, 170 million in August, and finally 155 million in September, falling 35% below May.
As September 2026’s figures align closely with those of September 2022, predictions suggest a further decline as October begins post-ban. During the week of October 5–11, the index marked its lowest weekly level since July 2021, and October 9 registered the lowest Friday since that time.
In other news, FanDuel narrowed the gap with Bet365 for global revenue, with the latter maintaining the top spot in Blask's global Competitive Earning Baseline (CEB) for Q3 2026, despite a significant reduction in the lead from $102 million in Q2 to $48 million in Q3, representing a decline of about 53%.
In September, FanDuel briefly surpassed Bet365 for the first time in six months, achieving $651 million in projected revenue against Bet365’s $619 million.
The global iGaming market reached a CEB of $59.1 billion, reflecting a 2.1% decrease from the previous quarter. Despite this downturn, most leading brands maintained their standings. DraftKings was the only top-four operator to gain ground with a 1.3% increase in its CEB, while other notable changes included significant drops for Rainbet and a reversal for 1xBet over Stake.
In Singapore, the return of the Premier League sparked a 42.3% jump in iGaming demand, rising to 713,709, mainly led by state operator Singapore Pools. Following a sixfold demand surge for Stake Brazil, driven by a brief court injunction, the brand reverted to offline status after a day. Search interest for Stake peaked at 99K before dropping to 25K by October 12.
The Brazilian market remains in flux, with the government planning to appeal a court ruling that briefly allowed Stake to operate, while the date to watch is October 25, when existing authorizations under the provisional measure end. As of now, the Brazilian licensed betting market remains shut as stakeholders await further developments.
