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).