Betr has raised questions over the validity of a shareholder vote that appeared to clear the way for Japanese firm MIXI to acquire PointsBet’s Australian wagering business in a $400 million transaction.

The vote results, released to the ASX at 11am on Wednesday, showed that 96 per cent of shares voted and 77.5 per cent of voting shareholders supported the deal, which values PointsBet at $1.20 per share.

However, this marked a significant swing from earlier proxy numbers, which had suggested just 69.5 per cent support—below the threshold required to approve the acquisition, potentially blocking the proposal altogether.

Betr’s challenge to the process introduces uncertainty over whether the vote will stand, raising the possibility of delays or further scrutiny into the takeover.

The outcome of this high-stakes deal could reshape the Australian betting landscape, with both established and new betting apps closely watching how regulatory and shareholder decisions unfold.