Codere Online Is Closely Monitoring Prediction Markets

Codere Online CEO Aviv Sher told iGB that the company is closely following the prediction markets space. Sher said the area is a realistic option for the company, but that it has not yet moved into this sector. Sher had also said in May that this area could be a good addition to the current product range.

Sher said prediction markets could be a useful addition, particularly in some regions. He said the Mexico strategy is linked to the part aimed at the Spanish-speaking audience in the southern United States. In his view, this step could perhaps be taken next year, but for now they are in the monitoring stage.

The company reported a record NGR of 69.4 million euros ($77.6 million) in the second quarter. Adjusted EBITDA came in at 5.8 million euros. Following this strong quarter, the 2026 outlook was raised. Accordingly, NGR is expected to be between 255 million and 265 million euros by year end, and adjusted EBITDA between 20 million and 25 million euros. Sher said they are confident they will reach the new expectations.

Codere Online is preparing its new five-year plan. Sher said the goal is to significantly increase current revenues and to sustain growth in this area. Prioritizing investment over short-term profitability, Sher added that they could earn more EBITDA but have instead decided to put extra money into existing markets.