Adam Greenblatt

BetMGM has cut its full-year 2026 revenue guidance as prediction market platforms drive up customer acquisition costs across the US. 📉 CEO Adam Greenblatt accused prediction market operators of targeting sports bettors directly in their marketing and bidding up player acquisition costs, calling the spending pattern "irrational." The operator now expects full-year net revenue of $2.9bn–$3.1bn, down from $3.1bn–$3.2bn, after Q1 revenue of $696m missed analyst expectations by roughly 9%. Read the story ➡️ https://lnkd.in/dyBXU7fB #BetMGM #PredictionMarkets #SportsBetting #USGaming #iGaming

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Entain achieved substantial growth in fiscal year 2025, propelled by solid online expansion and successful operational results from its BetMGM venture. The London-based betting and gaming company generated stronger earnings and improved cash flow. It also achieved its first full year of profitability through its American business partnership, signaling a shift from years of heavy investment toward sustained returns. Read the full story ➡️ https://lnkd.in/dvvwMYbz #gamblingnews #casino #sports #finance

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BETER expands its regulated US presence to ten states. Data and info: https://lnkd.in/dyW8ZeH2 • BETER secured Vendor Registration in Virginia, allowing it to supply sports and esports content to licensed operators. Its content is already live with bet365 in the state. • Virginia is BETER’s tenth US state. CEO Gal Ehrlich said: “Virginia is one of the most competitive sports betting markets on the East Coast.” BETER

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🇺🇸 BETER Expands US Footprint with Indiana and Iowa Approvals BETER has secured regulatory approval in Indiana and Iowa, bringing its exclusive Setka Cup table tennis tournaments to local bettors for the first time. The tournaments are now live via bet365, following earlier launches in Colorado and New Jersey, marking another key step in BETER’s fast-paced US expansion. 🗣️ “Securing approvals in Indiana and Iowa is a major milestone in our journey across the US,” said Gal Ehrlich, CEO at BETER. 🗣️ “Our legal and compliance teams continue to set the standard for regulatory excellence,” added Valeria Tarchynska, CLO at BETER. https://lnkd.in/dzy5czYs

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Ron Segev moderated "Regulating Futures: Bridging the Gap Between the US and Europe" at the Global Prediction Markets Forum taking place during SBC Summit. The panel brought together regulators, operators, and industry leaders for a timely discussion on the future of prediction markets. Ron was joined by Andrew Lyman, Gambling Commissioner for the Government of Gibraltar, Terence Cassar of GTG Legal, Charles Mizzi, CEO of the Malta Gaming Authority, and Zach Doctor, Co Founder and CEO of WagerWire. The conversation explored the different regulatory approaches developing across the United States and Europe and the challenges that arise when prediction markets sit across traditional gaming and financial regulatory frameworks. Thank you to all the panelists for a thoughtful and engaging discussion. For questions about prediction markets, gaming regulation, compliance, or market entry, connect with Segev LLP: https://lnkd.in/gyqKBmK7 #SegevLLP #PredictionMarkets #SBCSummit #GamingLaw #GamingRegulation #iGaming

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The UK sports betting market is highly competitive, and we’re proud to see Delasport’s leading-performance solution already live with several partners. #delaport #sportsbetting #sportsbook #innovation #igaming #UK #horseracing

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🚨Just in: BetMGM has released its Q2 2026 financial results, reporting $711 million in net revenue for the quarter. The result marks a 3% year-over-year increase, supported by strong performance in iGaming, where revenue rose 8% to $483 million. Online sports revenue remained on par year-over-year at $228 million, helped by major events such as the NBA playoffs and the World Cup. BetMGM CEO Adam Greenblatt said the company’s player fundamentals remain healthy, with positive cash flow and Adjusted EBITDA allowing it to keep investing in its highest-return opportunities.

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New MaxBet episode is up with the one and only Marcus Yoder. We talked about M&A in gaming, the IGT and Everi merger, and what leaders should think about when teams are going through a lot of change. It is a simple, honest conversation about people at work and how to keep them connected when everything around them shifts. If you work with humans in any capacity, this one is for you. Watch on Youtube: https://lnkd.in/gA2-qbuc Spotify: https://lnkd.in/gr2AwfHA Apple Podcasts: https://lnkd.in/gMQRQ5mK

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📢 Even off the back of a strong summer of engagement, BetMGM is feeling the pressure of prediction markets, as it was forced to adjust its timeline for reaching its long-term promise of $500m in adjusted EBITDA. BetMGM cited the current environment in the US, fuelled by prediction market regulatory complexity, as the reason for it being ‘prudent to assume the timing of delivery will extend beyond current 2027 expectations’. Speaking to investors during BetMGM’s Q2 earnings call, Chief Executive Officer Adam Greenblatt shared optimism that further restrictions could be on the horizon for prediction markets, however, something he stated would be a boost for BetMGM. He commented: “We are pleased to have maintained guidance despite the competitive environment, albeit toward the bottom end of the range. We also remain confident in our long-term outlook, even assuming status quo for prediction markets." Read the full story on iGaming Expert ⬇️

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