Short Sellers Cashing in on Gambling PLCs After Making $2.3bn

Short sellers reap more than $2bn profit betting against Paddy Power owner

Online groups under pressure from jump in prediction markets’ popularity in US and steep tax rises in UK

The Big Short: Hedge Funds Win $2 Billion Betting Against Gambling Companies

In The Big Short, Michael Burry, played by Christian Bale, made investors $2.69 billion by shorting subprime mortgages. The real figure made by Burry was around $700 million. Hedge fund managers have found a new cash cow: the gambling industry. This year alone, traders have made $2.3 billion taking short positions against Flutter, DraftKings, and Entain.FanDuel Failures See Flutter Stock PlummetTwo Sigma Investments has built the largest short p…

Short sellers cashing in on gambling PLCs after making $2.3bn

A fresh report from the Financial Times (FT) has revealed that hedge funds have made at least $2.3bn (£1.7bn) by shorting the stocks of publicly listed online gambling companies in 2026.  The news comes just over a month after the claims made by Muddy Waters and Callisto that Sportradar, a technology company working within the gambling industry, worked with illegal gambling operators. The two claimants had been reported to be openly shorting Spo…

Hedge funds profit from slump in gambling stocks

Hedge funds have made more than $2.3bn this year betting against listed gambling companies as the sector faces mounting pressure from the growth of prediction markets in the US and higher taxes in the UK, according to a report by the FT. Short sellers targeting Flutter Entertainment, DraftKings and Entain have generated estimated paper profits of around $2bn, $351m and $35m respectively in 2026, according to S3 Partners data. Flutter’s shares ha…

Gambling Plc Attains $2.3bn via Short Selling Campaign – DIR HONGKONG

(AsiaGameHub) –   A new report from the Financial Times (FT) shows that hedge funds have earned no less than $2.3 billion (£1.7 billion) in 2026 by short-selling shares of publicly traded online gambling companies. This update comes just over a month after Muddy Waters and Callisto claimed that Sportradar, a technology firm operating in the gambling sector, collaborated with illegal gambling operators. The two entities were reported to be openly…