BetMGM News & Prediction Market Coverage
Track the latest BetMGM news across prediction markets. Prediction News is following 2 active BetMGM stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Frequently Asked Questions
How has prediction market competition affected BetMGM?
BetMGM delayed its $500 million EBITDA target beyond 2027 and trimmed 2026 guidance, citing rising competition from prediction markets and new rivals as the reason.
How does Kalshi compare to BetMGM in handle?
A recent study ranked Kalshi as the fourth-largest US sportsbook by handle, ahead of BetMGM, Caesars, bet365, BetRivers, and theScore Bet.
Does BetMGM have a prediction market platform?
BetMGM has no public prediction-market answer or CFTC-regulated exchange offering as of the latest coverage.
Why is BetMGM revising guidance due to prediction markets?
The revisions reflect how regulated event-contract platforms are now materially affecting legacy sportsbook financial planning and margins.
What is BetMGM's view on Kalshi sports contracts?
BetMGM has publicly campaigned against prediction markets, arguing that regulated gambling operators cannot compete on a fair footing with federally regulated CFTC platforms.