Flutter Entertainment

FLUT

Market cap $18.9B

The new executives will lead key operational and people initiatives as Lotto.com continues to expand its digital lottery platform across North America The new executives will lead key operational and people initiatives as Lotto.com continues to expand its digital lottery platform across North America

At first, I was a bit skeptical of the barrage of bearish bets placed by Dr. Michael Burry, the man made famous by The Big Short film.

Investor Michael Burry made hundreds of millions of dollars as the Great Financial Crisis unfolded by shorting subprime mortgages. This would lead to his eventual portrayal in the film “The Big Short," positioning him as a famed investor.

FanDuel, a sports betting app, is being sued for allegedly using VIP perks to deepen customers' gambling addictions. According to the Philadelphia Inquirer, Phillies star and two-time MLB MVP Bryce Harper sent a personalized video message to Terry Thompson, one of two plaintiffs in the case, as part of FanDuel's special treatment for big spenders.

Michael Burry said on Wednesday that he is leaning into sports betting, adding long positions in DraftKings Inc. (NASDAQ:DKNG) and Flutter Entertainment plc (NYSE:FLUT), while cautioning against fast-growing prediction markets.

Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has bought shares ​of sports-betting platforms Flutter Entertainment and DraftKings , wagering regulatory scrutiny ‌will eventually curb the threat posed by prediction markets.

Michael Burry of “The Big Short” said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment. He said Wednesday that he bought a full-sized position split roughly 60% in Flutter and 40% in DraftKings.

TORONTO, July 8, 2026 /PRNewswire/ -- FanDuel, North America's #1 Casino and Sportsbook, is excited to bring Albertans an industry-leading product on July 13, pending regulatory approval. FanDuel is making long-term investments in local communities, partnering with local and national organizations and reinforcing its commitment to responsible gaming.

John Arnold, a billionaire philanthropist and co-founder of Arnold Ventures, is awarding $2.6 million in previously unreported research grants to universities to study the risks of online sports betting. Sports betting is a booming industry, driven by the prevalence of online apps like DraftKings and FanDuel and prediction markets like Kalshi and Polymarket.

This year's World Cup is the first since prediction markets like Kalshi and Polymarket exploded to popularity as a new way to bet on sports. Chad Beynon, Senior Gaming, Lodging, and Theaters Analyst at Macquarie, talks about how the World Cup is impacting the US sports betting market and which stocks stand to benefit.