BetMGM Lowers Outlook as Prediction Markets Intensify Rivalry

BetMGM has lowered its expectations for the remainder of 2026 and postponed its timeline for reaching $500 million in annual EBITDA, citing mounting competitive pressure from prediction market platforms and a more crowded online gambling landscape. The joint venture between Entain and MGM Resorts released its second-quarter and first-half 2026 business update on Tuesday, reporting […]

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Tom Goldstein Receives Six-Year Sentence in Tax Fraud Case

Former Supreme Court advocate and SCOTUSblog co-founder Tom Goldstein has been sentenced to six years in federal prison following his conviction on tax and financial crimes connected to years of high-stakes poker gambling. U.S. District Judge Lydia Kay Griggsby imposed the sentence on Friday in Greenbelt, Maryland, concluding a case that drew widespread attention within […]

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BetMGM Lowers Outlook as Prediction Markets Intensify Rivalry

BetMGM has lowered its expectations for the remainder of 2026 and postponed its timeline for reaching $500 million in annual EBITDA, citing mounting competitive pressure from prediction market platforms and a more crowded online gambling landscape. The joint venture between Entain and MGM Resorts released its second-quarter and first-half 2026 business update on Tuesday, reporting […]

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