Michael Burry said he is leaning into sports betting, adding long positions in DraftKings (DKNG) and Flutter (FLUT), while warning that fast-growing prediction markets may be risky. The move is a sentiment tailwind for sports-betting operators, but the lack of new fundamentals limits broader price impact.
Michael Burry said he is leaning into sports betting, adding long positions in DraftKings (DKNG) and Flutter (FLUT), while warning that fast-growing prediction markets may be risky. The move is a sentiment tailwind for sports-betting operators, but the lack of new fundamentals limits broader price impact.
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mildly positive
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0.25
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