Aug. 17 at 4:45 PM
Michael Burry is bullish on
$FLUT in July 2026, Burry disclosed that he bought Flutter Entertainment at approximately
$107/share and he described the positions as full-sized investments.
Why Burry likes FLUT
His thesis is essentially:
1. FanDuel has enormous scale in U.S. sports betting.
2. The market is overreacting to the threat from prediction markets such as Kalshi.
3. He believes prediction markets will eventually face more regulation and taxation, reducing their competitive advantage.
4. He considers Flutter a fundamentally strong operating business whose stock has been punished disproportionately by the regulatory/prediction-market concerns.
