PointsBet is an online sportsbook and gambling company that offers a unique form of sports betting known as "spread betting." It was founded in Australia in 2015 and has since expanded its operations to the United States.

If there is a sporting category that Fanatics is not expanding into, I would like to know about it.  Anyone who has watched any sporting event in the past few years knows about the rise of sports betting in the United States.  The real crown jewel of this deal is that Fanatics gains access to PointsBets licenses in about 15 states and create a new major competitor to FanDuel and DraftKings.

CNBC: Fanatics to buy PointsBet’s U.S. assets for about $150 million