BetMGM CEO says the prediction-market addressable market should shrink ahead of a Supreme Court ruling

BetMGM CEO Adam Greenblatt expects the total addressable market for prediction markets to contract progressively ahead of a Supreme Court ruling, according to egr.global. He made the remarks on the operator’s Q3 earnings call on Tuesday, Oct. 13.

Legal uncertainty shapes the outlook

Greenblatt said he welcomed greater clarity on the ambiguity facing the sector, egr.global reported. His comments put the anticipated reduction in the market’s potential reach ahead of the Supreme Court’s decision, rather than solely after it.

The available material does not identify the case, provide a hearing or ruling date, or quantify how much Greenblatt expects the addressable market to shrink. It also does not establish the mechanism behind that forecast.

BetMGM points to operating resilience

Alongside his prediction-market outlook, Greenblatt characterized BetMGM’s business as resilient under pressure, according to egr.global. The outlet reported that handle increased 3%, although the supplied excerpt does not specify the comparison period.

That operating figure is distinct from his assessment of prediction markets’ potential size. The available reporting does not establish a causal connection between the handle increase and the legal uncertainty he discussed.

What it means for prediction markets

• The forecast concerns the period before a ruling. Greenblatt expects the addressable market to narrow progressively, making developments ahead of the Supreme Court’s decision relevant to his outlook.
• The scale remains unspecified. The supplied reporting offers no estimate of the expected contraction or timetable beyond its relationship to the anticipated ruling.
• Executive expectations are not a legal outcome. Greenblatt’s comments describe his view of the sector’s trajectory; they do not establish what the Supreme Court will decide.