Michael Burry

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Business

Michael Burry Bets on a GameStop Comeback, Defying Meme-Stock Skepticism

Famed 'Big Short' investor Michael Burry has taken a significant long position in GameStop, praising CEO Ryan Cohen's leadership while simultaneously hedging with bearish bets on tech giants Palantir and Nvidia. The move has reignited debate over the retailer's future and the influence of contrarian investors in volatile markets.

Business

CFTC Scraps Proposed Ban on Political and Sports Prediction Markets, Pledges New Regulatory Framework

In a major policy reversal, the U.S. Commodity Futures Trading Commission has formally withdrawn a contentious 2024 proposal that sought to outlaw event contracts tied to politics, sports, and conflict. Chairman Michael S. Selig dismissed the plan as a politically motivated overreach, signaling the agency's intent to regulate—not stifle—the fast-growing prediction market sector.