Popular US investor Michael Burry is placing his bets on the gambling industry in anticipation of a downturn in fortunes for the prediction markets space.
Burry, known for profiting from the 2008 US housing crash, disclosed his positions in US gambling giants in a recent Substack post. He expressed confidence in companies like Flutter and DraftKings, signaling a shift towards the gambling sector amidst his predictions of market challenges ahead.
