Pointsbet has requested an immediate trading halt to “enable it to manage its continuous disclosure obligations in relation to a material transaction.”

Pointsbet has requested that the trading halt remain in place until the earlier of the time it makes an announcement to the market and the commencement of normal trading on Wednesday.

No details have been released in relation to what the “material transaction” involves. Draftkings made a US$195 million offer for the business earlier this month, outbidding Fanatics’ offer of US$150 million.