Stock Movers Elliott Said to Take Stake in Synopsys; Flutter Rises; Senate Democrats Seek Probe Into Warner Bros. Deal
Mar 23, 2026
A multibillion-dollar activist investment targets a chip-design software firm and plans major changes. News about proposed legislation spurs big moves in gambling stocks. Lawmakers press regulators to examine foreign financing behind a major studio takeover bid.
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Elliott Targets Synopsys For AI Era Chip Design
- Elliott Management has taken a multibillion-dollar stake in Synopsys to push execution, profitability, and monetization improvements.
- The move targets Synopsys as central to chip design amid AI-driven chip complexity and capital spending shifts.
Legislation Could Clear Prediction Markets From Sports Betting
- A proposed bipartisan bill would bar CFTC-regulated firms from listing sports-related contracts, squeezing prediction markets like Calci and Polymarket out of sports betting.
- That regulatory threat lifted Flutter about 8% and DraftKings about 7% in pre-market trading.
Nevada Ruling Highlights Age And Market Risks For Prediction Platforms
- Nevada obtained a temporary restraining order blocking Calci from offering sports event contracts, highlighting state-level legal pressure on prediction markets.
- Regulators worry Calci and Polymarket's 18+ rules may attract younger users ahead of lifetime gambling relationships.