By The Weekly Edge desk ·
Bonus.com reported that 22 gambling sites began accepting wagers when Alberta’s market opened on 13 July. It found no major service interruptions during that week, although BetMGM registration and verification caused problems in its testing.
The opening expanded regulated choice, though BetMGM users encountered registration difficulties.
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BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.
BetMGM’s retreat signals reduced focus on states without iGaming as prediction markets affect its business.
Greenblatt expects prediction markets’ addressable market to contract before the Supreme Court hearing, while reporting BetMGM handle growth.
The inquiry could inform MGC policy on safeguards for AI use in sportsbook marketing and responsible gaming.
A potential sale could affect operators considering commercial relationships with sports wagering media companies.
BetMGM and regulators should track the hearing because it concerns an individual qualifier’s adjudicatory matter.