By SectorWire desk · · Updated
BetMGM's iGaming revenue grew 6% to $483m. The outlet also reported a 7% increase in online sports betting revenue to $216m.
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.
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Stake has blocked Irish users, while GRAI works with operators that restricted access to arrange customer deposit refunds.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
Investors assessing election betting growth must consider that Polymarket’s busiest 1% of wallets generated 70% of congressional trading volume.
BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.
Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.