
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.
Flutter Entertainment plc is a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company is headquartered in Dublin, Ireland.
| Revenue (TTM) | $17.02B |
| Gross Profit (TTM) | $7.53B |
| EBITDA | $2.13B |
| Operating Margin | 2.32% |
| Return on Equity | -4.96% |
| Return on Assets | 1.15% |
| Revenue/Share (TTM) | $96.44 |
| Book Value | $51.97 |
| Price-to-Book | 2.06 |
| Price-to-Sales (TTM) | 1.10 |
| EV/Revenue | 1.63 |
| EV/EBITDA | 13.62 |
| Quarterly Earnings Growth (YoY) | -21.70% |
| Quarterly Revenue Growth (YoY) | 17.40% |
| Shares Outstanding | $173.48M |
| Float | $129.24M |
| % Insiders | 18.96% |
| % Institutions | 84.19% |
Volatility is currently contracting

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.

The FTSE 100 leisure sector is facing a quiet drain that rarely shows up in the headline numbers. London-listed giants such as Entain and Flutter Entertainment carry the full weight of UK compliance, yet a growing slice of British consumer spending is slipping toward operators that settle in Bitcoin and stablecoins and answer to no domestic regulator.

Futures are trading lower after a mixed start to trading on Monday, following the holiday-shortened week due to the Juneteenth Federal holiday.

On Tuesday, the CFTC granted approval for Novig's designated contract markets application. Both Novig and recently approved ProphetX will be up against not only Kalshi, which dominates the space, but Polymarket, Robinhood, Crypto.com and the sportsbook giants FanDuel, DraftKings and Fanatics.

Pre-Market Stock Futures: Futures are trading modestly higher after a stunning opening to the week, as all major indices rocketed higher.

The FanDuel owner said trading volumes and regulatory costs meant delisting from the U.K. exchange was in the best interests of the company and shareholders.

Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) is to delist from the London Stock Exchange and maintain a sole listing in New York, ending its presence on the UK market little more than two years after moving its primary listing across the Atlantic. The gambling group, which owns FanDuel, Paddy Power and Betfair, said its final day of trading on the London market will be 31 July.

The 2026 FIFA World Cup kicks off on Thursday in Mexico with an opening ceremony followed by the tournament's first match between hosts Mexico and South Africa, marking the beginning of the largest World Cup in history. Spread across the United States, Canada, and Mexico through July 19, the tournament is expected to draw millions of visitors and generate a surge in spending across travel, hospitality, transportation, betting, and consumer goods sectors.

The 2022 World Cup final was watched by nearly 1.5 billion fans, about a fifth of the world's population