🚨Breaking news: Michael Burry just placed a bet predicting the market will be shut down.

The person who predicted the 2008 housing crash bought shares of Flutter Entertainment and DraftKings this week.

- Flutter bought at $107 per share

- DraftKings bought at a "low just above $26"

- Position weight 60/40 favoring Flutter

- Flutter is down 50% this year

- DraftKings is down 21% this year

Burry's reasoning: Prediction markets allow people to bet on sports, elections, and economic data while avoiding state gambling taxes because they are regulated by the CFTC, not state gaming laws.

He believes lawmakers will not allow this loophole to continue and expects prediction markets to eventually face the same regulation and taxation as traditional sportsbooks.

If that happens, betting volume will shift to regulated platforms like DraftKings and FanDuel (owned by Flutter).

Burry also revealed that he increased his position in JD.com at a price of $27.58 per share, now making it one of his top three holdings.

He said he expects Hong Kong and Chinese stocks to benefit as the AI and memory chip enthusiasm in South Korea and Japan cools down.

Burry is betting that the U.S. government will close the legal loophole, not that people will gamble more.