Options trading and stock market news: Michael Burry built positions in DraftKings and Flutter with about 60% in Flutter. Mike Butler and Jermal Chandler break down the thesis: if prediction markets like Kalshi are forced to follow the same rules as licensed sportsbooks, DraftKings and FanDuel regain a major competitive advantage. The World Cup is expected to drive nearly $3 billion in US betting handle, about three times the 2022 total. Both names show clear call skew to the upside. DraftKings is trading near annual lows at $26 with 49,000 open interest on the August 30 calls. Mike likes selling the 25 put to buy the 30 call and collecting 50 cents. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Burry is not just buying gambling stocks 00:24 If prediction markets get regulated...