Stake.com co-founder Ed Craven has discreetly acquired a stake in PointsBet, an Australian sports betting company, per recent Australian media reports. This investment potentially expands Stake’s footprint in the sports betting industry and aligns with PointsBet's recent business pivots. The acquisition’s specifics haven’t been publicly disclosed, but it reflects a strategic step by Craven and underscores Stake's rising influence in the global betting scene. As PointsBet undergoes significant operational changes, this move could provide synergies between the two companies as they seek greater market share in a highly competitive space.