The board of BetMakers Technology Group Ltd has temporarily halted trading of its shares on the Australian Stock Exchange (ASX).
A notice was issued to the compliance unit of the ASX by company secretary Charly Duffy, requesting an immediate trading halt under ASX Listing Rule 17.1.
BetMakers requested a temporary suspension of trading following receipt of a Price Query of its shares on the exchange. The query indicates that the ASX has sought clarification regarding recent movements in the company’s share price and/or trading volumes.
The company seeks to place its trading halt until it issues a corporate statement addressing the Price Query or the commencement of normal trading on 13 February 2026.
The board is preparing a formal response to the ASX, to notify that it is not aware of any reason why the trading halt should not be granted.
BetMakers will maintain active correspondence with the ASX, to ensure orderly market disclosure while preventing speculative trading ahead of a clarifying statement.
It reiterates to investors that “the company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading”.
Smooth sailing turning stormy?
The pause in BetMakers trading may come as a surprise to some observers, because on the face of it the company has been doing well. Last year saw the firm secure a five-year deal with Crown Resorts-owned Betfair Australia to launch the CrownBet online bookmaker, and a separate partnership with Stake. Both deals are expected to go live in H2 2026.
Its latest trading update, covering Q2 of the 2026 financial year (October-December 2025), BetMakers mapped out revenue growth of 14% YoY to AU$22.9m (Q2 2025: $20m) and adjusted EBITDA of $2.7m, a flip from a loss of $3m the year prior.
This marked the continuation of a trend from the year prior, with 2025 trading described as a “cost base reset” for BetMakers. Its business returned to being earnings effective in 2025, posting an EBITDA return of AU$4.6m to reverse a turnaround from a $7.2m loss recorded in FY2024.
The firm also continued expanding in the US via the acquisition of the Las Vegas Dissemination Company (LVDC), a small B2B firm delivering horse racing information and data to the Nevada gaming market. It also expected to gain from its amended partnership with Penn Entertainment to the tune of $1.2m in additional adjusted EBITDA
Trading halts are typically requested when a listed entity requires a short window to finalise a price-sensitive announcement. In cases involving Price Queries, the ASX seeks confirmation that no undisclosed material information exists that could explain abnormal trading activity.
Founded in 2014 by entrepreneur Todd Buckingham, BetMakers became listed on the ASX in 2023, to enhance capital funding for the development of its wagering and new horseracing totaliser systems.
The group counts the gambling strategic investment funds Tekkorp Holdings LLC, Paradice Investment Management Pty Ltd and Tripp Investments Pty Ltd among its major shareholders.
The board of BetMakers Technology Group Ltd has temporarily halted trading of its shares on the Australian Stock Exchange (ASX). A notice was issued to the compliance unit of the ASX by company secretary Charly Duffy, requesting an immediate trading halt under ASX Listing Rule 17.1. BetMakers requested a temporary suspension of trading following receipt