By The Weekly Edge desk ·
Michael Burry has told Substack readers that he bought positions in Flutter FLUT · USD 75.60 2026-10-16 Data and DraftKings DKNG · USD 18.90 2026-10-16 Data, reported by SBC News. He links his gambling-sector investments to an anticipated downturn for prediction markets.
The disclosed positions add Burry as an investor in Flutter and DraftKings.
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Linked through shared companies, regulators and people, or one step further through the graph.
Additional US spending will reduce near-term profitability, according to Flutter.
The succession changes Flutter’s leadership as FanDuel’s earnings outlook is reduced.
The succession transfers Flutter’s leadership to its international business chief.
The timetable defines Flutter’s leadership handover and transition support.
The appointment establishes Flutter’s chief executive succession.
The succession changes both Flutter’s executive leadership and board membership.