Hedge Funds Profit $2 Billion Betting Against Gambling Companies
Hedge fund managers have found a new cash cow in the gambling industry, making $2.3 billion this year alone by shorting positions against companies like Flutter and DraftKings.
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Hedge fund managers have found a new cash cow in the gambling industry, making $2.3 billion this year alone by shorting positions against companies like Flutter and DraftKings.
Short sellers have targeted some of the biggest names in the gambling industry as hedge funds continue to bet against gambling stocks.