Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
--------------------------------------------------------------------
Source: CNBC
Published: 2026-07-09 05:33 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Culture & Entertainment
--------------------------------------------------------------------
Snippet:
Michael Burry of "The Big Short" fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks.
--------------------------------------------------------------------