Burry bets on sportsbook regulation

In his Trading Post July 8, 2026, Michael Burry opened fresh positions in DraftKings and Flutter and framed prediction markets as a loophole next to a heavily regulated, heavily taxed gambling industry. CNBC reported the two bets as a roughly 40/60 split inside one full-sized position. 1 2

That matters because the policy clock is live, not theoretical. CNBC reported that the CFTC had a comment deadline of July 27 for its proposal on prediction markets, and that 2025 registered prediction-market volume had already topped $25 billion. 2

Burry's separate July 8 Short Thoughts post points in the same direction. He argued that chip depreciation is an economic judgment rather than a physical one, using Amazon and Meta's server-life changes as evidence. 4

The clean read is simple. Burry is betting that a regulatory gap will narrow and that the legal sportsbooks will be better positioned when it does. The original post is Trading Post July 8, 2026.