According to @StockMarketNerd, BetMGM’s latest update raised its annual revenue target by 2% and annual EBITDA target by 33%, citing strong underlying trends. According to @StockMarketNerd, this resilience challenges the narrative that prediction markets are killing BetMGM. According to @StockMarketNerd, the guidance raise provides a positive read-through for stronger peers DraftKings (DKNG) and Flutter (FLUT) holding their ground against prediction market competition.