Xpoint has currently received licences to function in 12 extra states and the District of Columbia. The company, that’s already operational in diverse states, has prolonged its attain to encompass Colorado, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, New York, Pennsylvania, Virginia, West Virginia, Wyoming and the District of Columbia.
CEO Manu Gambhir stated: “Today’s multi-licensure assertion marks a milestone in our adventure and our vote of self belief withinside the persevered increase of on-line gaming withinside the USA. Until now, there has simplest been a unmarried geolocation company withinside the enterprise, growing hazard for operators, slowing innovation and retaining charges excessive because of a loss of competition.
“These extra licences are a primary breakthrough in permitting the enterprise to conform and convey the maximum superior geolocation platform to market.”
Xpoint’s geolocation platform, referred to as Xpoint Verify, is designed for iGaming and sports activities having a bet, specializing in regulatory geo-compliance. Xpoint Verify goals to make sure correct geolocation tracking, stopping fraud and presenting advertising insights to operators.
In a partnership introduced on 22 January 2024, fable sports activities operator PrizePicks collaborated with Xpoint to combine geolocation generation into its platform. The generation is designed to counter on-line gaming fraud via way of means of extracting consumer places and presenting compliant experiences. The integration is a part of PrizePicks’ ongoing efforts to fulfill enterprise needs and beautify its offerings.
Earlier this month, Xpoint secured a Maryland licence in collaboration with Crab Sports, a Maryland-primarily based totally sportsbook operator. The Maryland Lottery and Gaming Control Commission provided Xpoint a sports activities wagering contractor licence in 2023, increasing its attain throughout americaA and Ontario. The Xpoint Verify answer is meant to make sure strict compliance with Maryland’s gaming rules via way of means of confirming participant places inside accredited having a bet jurisdictions.