Pointsbet Holdings Ltd is an Australia-based company that provides a cloud-based wagering platform. The Company, through its platform, offers its clients sports and racing wagering products. It operates through three segments: Australia Trading, Technology and United States. Its product offering includes Fixed Odds Sports, Fixed Odds Racing and PointsBetting. Fixed Odds Racing products offer clients a range of racing wagering options, such as fixed odds and Tote derivative products for win and place, and Exotics, such as Quinella, Exacta, Trifecta, First Four, Doubles, and Quadrellas. Fixed Odds Sports products provided sports betting options on sporting events across various sports, including United States sporting leagues and Australian sporting leagues. PointsBet offers PointsBetting on all sports across sporting leagues. PointsBetting allows clients to increase their winnings from a bet based on the spread of the underlying contingency.