Michael Burry Buys DraftKings, Flutter Entertainment Stocks

Michael Burry DraftKings Flutter Entertainment

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Michael Burry, famous for predicting the 2008 housing crash, has bought shares in DraftKings and Flutter Entertainment.
He believes regulators will eventually crack down on prediction markets, benefiting these established sports-betting operators.

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Michael Burry, famous for predicting the 2008 housing crash, has bought shares in DraftKings and Flutter Entertainment. He believes regulators will eventually crack down on prediction markets, benefiting these established sports-betting operators.

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Renewed Iran-US tensions have sparked fears of rising fuel prices as oil prices hit multi-week highs. Tanker traffic through the Strait of Hormuz has reportedly stopped, increasing geopolitical risk perception. U.S. gasoline prices saw a slight increase, with further impacts expected due to crude oil's significant share in gasoline costs.

The Independent World

Urgent·3h ago

Global Markets Tumble, Oil Prices Surge After Trump's Iran Remarks

Global markets and oil prices reacted sharply to US President Donald Trump's strong statements against Iran, signaling potential further strikes and the end of a memorandum of understanding. Stock indices fell, while oil prices and energy stocks surged.

Al Jazeera

Michael Burry Buys DraftKings, Flutter Entertainment Stocks

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