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Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation

Posted on July 8, 2026
By CNBC
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1 min read

Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation

The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.