Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York.Dimitrios Kambouris | Getty ImagesMichael Burry of “The…

CEO Jason Robins intends to compete and win in the rapidly expanding prediction market industry, but investors aren’t so sure.Shares of DraftKings (DKNG 13.73%) tumbled on…

Sports betting company DraftKings’ logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesDraftKings is upping the ante.The sportsbook is testing out a…

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and…

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting…