Flutter Entertainment (FLUT), the parent company of the sports-betting platform FanDuel, has agreed to purchase Playtech's (PTEC.L) Italian gambling business for $2.6 billion. This move comes after Flutter purchased a majority stake in the NSX Group, Brazil's fourth-largest online gambling operator.

Catalysts Hosts Seana Smith and Madison Mills report more on the story as Flutter looks to expand further into Europe.

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This post was written by Melanie Riehl