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PENN stays out of prediction markets amid legal uncertainty, CEO says

Business

PENN Entertainment will not enter sports prediction markets while their legal status remains uncertain, chief executive Jay Snowden told investors and analysts. Snowden said the company would not risk its gaming licences and would stay close to regulators as litigation continues in federal and state courts across the US.

PENN’s position reflects the licensing risks casino operators say they face amid unresolved prediction-market disputes.

End-of-day close PENN Entertainment (PENN), USD, to 10 April 2026
Story date12 January 202610 April 2026

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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