Michael Burry Acquires Shares in Flutter and DraftKings

Michael Burry has purchased shares in sports betting platforms Flutter Entertainment and DraftKings. This investment reflects his view that regulatory scrutiny will diminish the threat posed by prediction markets.

What Happened

Investor Michael Burry, known for his prediction of the 2008 U.S. housing market collapse, has acquired stakes in sports-betting platforms Flutter Entertainment and DraftKings (Reuters). Burry reportedly disclosed on Wednesday that he bought Flutter shares at approximately $107 per share and DraftKings shares “in the low $26s” (Reuters, Benzinga).

These investments collectively constitute a “full-sized position” for Burry (Reuters). The position is reportedly weighted with Flutter making up approximately 60% and DraftKings 40% of the total investment (Reuters). Burry also indicated that he might adjust this weighting to make each a full position (Reuters).

Key Details

• Michael Burry purchased Flutter Entertainment shares at approximately $107 each, according to Reuters.
• DraftKings shares were acquired “in the low $26s,” as reported by Reuters.
• The combined investment represents a full-sized position for Burry, with Flutter accounting for roughly 60% and DraftKings 40% (Reuters).

Why It Matters

Burry’s investment suggests a strategic belief that increased regulatory oversight will reduce the competitive impact from prediction markets on established sports betting operators (Reuters, Michael Burry bets on sportsbooks DraftKings, Flutter). This stance provides insight into an investor perspective on the future competitive landscape within regulated betting markets (Michael Burry buys Flutter, DraftKings shares betting prediction-market threat will fade – CNA). The investor’s move indicates an assessment of the long-term viability and growth potential of regulated sports betting platforms, anticipating that regulatory structures will provide a more stable operating environment by mitigating alternative market threats (Michael Burry Bullish on Sportbooks, Goes Long DraftKings, Flutter – Benzinga).

Originally reported by Reuters·Published 8 Jul 2026, 21:49