money Investing

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.

Published by on
Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
Source: Investing

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.

This story was automatically imported from our syndicated feed coverage. Full updates are being tracked closely as more details emerge from local correspondents and global news wires.

Our editorial team is continuously monitoring this topic to bring you the latest developments. Check back regularly for detailed follow-up articles, background analyses, and video broadcasts from the scene.

Reporting sponsored by News Portal Syndicated Coverage.