PointsBet hires Moelis & Company to sell American operations

This occurs as a result of the company's inability to grow its market share in the US.

The business has had difficulty gaining market share in the US, despite being the seventh-largest sports betting operator in the nation after DraftKings and FanDuel.

Additionally, it saved money by withdrawing its operations application in Massachusetts, which legalized online sports betting in March. In addition, the sportsbook operates in fourteen states.
 
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