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Analysts flag prediction markets and consumer trends ahead of US gaming earnings

Results

J.P. Morgan and Bank of America analysts said first-quarter results will reflect weaker consumer sentiment and pressure on digital gaming from prediction markets. Bank of America reported gaming stocks down 6% for the year, with US operators up 1%, Macau operators down 14% and digital and online gaming stocks down 36%.

Operators’ results may show whether prediction markets and softer consumer conditions are weighing on digital gaming and casino performance.

End-of-day close Las Vegas Sands (LVS), USD, to 5 June 2026
Story date9 March 20265 June 2026

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Regulation

NCPG calls for consumer protections across gambling and prediction products

The National Council on Problem Gambling said entities offering gambling or functionally similar products should provide safeguards including self-exclusion, age verification and risk disclosures. Board president Derek Longmeier said users experience financial, emotional and relationship harms from prediction markets. Kalshi, whose membership in NCPG prompted criticism and withdrawals by other organisations, said it disagreed with NCPG’s assessment but welcomed dialogue.

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