Michael Burry Bets Against Prediction Markets Amid Regulatory Concerns
Investor Michael Burry has opened new positions in DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT), betting against prediction markets like Kalshi and Polymarket due to expected regulatory crackdown. He anticipates these companies will benefit as the unregulated market faces restrictions.
Topics: Michael Burry prediction markets regulation stock investments