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.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl