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Business

Michael Burry bets on DraftKings and Flutter

Published Wednesday, July 8, 2026 · Updated July 9

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Narrative Spectrum

Convergent Narrative · 0
  • Investment Details and Market Context — 2 sources

Media Analysis

AI synthesis

Michael Burry, a prominent investor, has made significant investments in sports betting companies DraftKings and Flutter Entertainment. His portfolio now includes a position split approximately 60% in Flutter and 40% in DraftKings, with shares purchased at around $107 and low $26s respectively.

What We Know — Key Points

  • Michael Burry purchased a full-sized position split roughly 60% in Flutter Entertainment and 40% in DraftKings.
  • Michael Burry bought Flutter shares at about $107 and DraftKings shares in the low $26s.

What Is Claimed — Perspectives

Investment Details and Market Context
  • CNBC

    The article frames Michael Burry's investment decision within the context of market dynamics and anticipated regulatory changes in the sports betting and prediction market industries.

  • Channel News Asia

    Channel News Asia reports that Michael Burry bought Flutter shares at about $107 and DraftKings shares in the low $26s, purchasing a full-sized position split roughly 60% in Flutter and 40% in DraftKings, anticipating that the threat from prediction markets will fade.

AI-Generated Content

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  • Key points, perspectives, bias labels, and categorisation may contain errors.
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