Flutter Entertainment is eyeing the acquisition of Brazil-facing betting brand Betnacional to expand its reach in the country, NEXT.io understands.

According to industry sources, Flutter has made a formal offer to acquire the brand, which is owned by the UK-based NSX Group and was founded in August 2021.

NSX Group developed the NSX sports betting platform, which it initially offered to various operators but later chose to use it exclusively for its own brands, including Betnacional, Mrjack, Pagbet, and Betpix.

Despite being based in the UK, NSX Group maintains strong ties to Brazil, with teams based in Recife and São Paulo.

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