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

Markets CNBC By CNBC 08 Jul 2026 19:33 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.

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

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