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.

According to @CNBC, Bank of America is sticking with its support for DraftKings and Flutter as competition in prediction markets ramps up, highlighting continued backing for these listed sportsbooks (source: CNBC). CNBC reports that the bank continues to back DKNG and FLUT despite rising competitive pressures in prediction markets, signaling ongoing support for major operators in the sector (source: CNBC). The report focuses on traditional operators and does not cite any crypto assets or on-chain prediction platforms (source: CNBC).

According to Fox News, Aaron Rodgers has informed the Pittsburgh Steelers he will sign with them for the 2025 NFL season (source: Fox News Twitter, June 5, 2025). Historically, high-profile NFL player transfers, especially involving superstar quarterbacks, lead to significant spikes in sports betting stocks and related crypto tokens due to increased fan engagement and speculative activity. Traders should monitor sports-focused cryptocurrencies and stocks, such as Chiliz (CHZ) and DraftKings (DKNG), for increased volatility and potential price movements following this major sports news (source: Cointelegraph, 2023; Nasdaq, 2024).