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 […]