Tag: market competition

  • BetMGM cuts outlook as prediction market competition grows

    BetMGM cuts outlook as prediction market competition grows

    July 27 : U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies.Licensed sportsbook operators in the U.S. are facing growing p

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