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0.000699790062981091 0.00139958012596218 -0.00419874037788667 -0.0010496850944717 -0.000699790062981091 -0.0146955913226033 0.00139958012596218 0.00769769069279212
Stock impact report

PENN CEO Hopes Prediction Market Lawsuits Get to Supreme Court ASAP [Yahoo! Finance]

Penn National Gaming, Inc. (PENN) 
Last penn national gaming, inc. earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The chief executive of PENN Entertainment Inc. says the legal outlook for prediction markets is “clear as mud” and that the ongoing litigation involving the federally regulated exchanges can't get in front of the U.S. Supreme Court soon enough. Key Takeaways PENN Entertainment CEO Jay Snowden says the legal status of prediction markets is highly uncertain. PENN will not launch its own prediction market platform because it does not want to risk its valuable state gaming licenses. While some rivals expand into prediction markets, PENN is focusing on improving its financial performance, rebranding its sportsbook, aiming for its interactive division to break even this year. PENN CEO Jay Snowden has previously made it clear that he sees prediction markets as “a major threat” to the gambling industry. On Thursday, during his company's latest earnings call, Snowden said his thinking hasn't changed . What he suggested is constantly changing, though, are the legal fortunes of pred Show less Read more
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