Short sellers reap more than $2.3bn profit betting against gambling companies

Financial Times: Traders positioned to make money from falls in the share price of betting groups Flutter, DraftKings and Entain have accumulated estimated paper profits of $2bn, $351mn and $35mn, respectively, since the beginning of 2026, according to data provider S3 Partners. Some of this profit has been realised as funds have closed their short positions…

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