Michael Burry, the investor who inspired the movie The Big Short, has bought shares in Flutter and DraftKings, expressing confidence that the sportsbooks can overcome the threat of prediction markets.
Renowned investor Michael Burry has shown faith in Flutter and DraftKings by investing in their shares, believing that these leading sportsbooks in the US have strong potential despite challenges from prediction markets. Burry highlighted the attractiveness of these businesses, whose stock prices have been negatively impacted by the rapid growth in the industry.
