Jim Chanos reveals short position in DraftKings because of 'insane' marketing spend

Jim Chanos
Scott Mlyn | CNBC

Jim Chanos revealed Thursday that he's been betting against DraftKings for most of 2021.

More In Follow the Pros

CNBC ProBest trades on CNBC Wednesday: Pros make these portfolio moves during unstable markets, rocky earnings
CNBC ProHedge funds bought into these outperforming industrial stocks, including Lockheed Martin
CNBC ProTech investor Jim Breyer says he's adding Microsoft on weakness and will hold it for years