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Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
Michael Burry has invested in sportsbooks DraftKings and Flutter, anticipating regulatory restrictions on prediction markets due to competition from newer companies affecting the stocks of sportsbook operators.
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- Regulators moving to allow most sports betting, barring war wagers on prediction platforms like Kalshi, Polymarket
- Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
- Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
- Trump administration’s new prediction market rules hand the industry ‘almost everything it wants’
- Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act