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Compliance Updates

Kinectify Raises Series Seed Round Co-Led by OpenBet, Acies Investments, and the Eastern Band of the Cherokee Indians

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Kinectify, the leading compliance software and advisory company focused on anti-money laundering (AML) in the gaming industry, today announced that it has raised a preferred Seed round. The investment was co-led by OpenBet, Acies Investments, and the Eastern Band of Cherokee Indians, with participation from Eilers & Krejcik Gaming and prominent individuals and executives in the gaming industry such as Seth Schorr, CEO of Fifth Street Gaming; Seth Young, Chief Strategy Officer of Fifth Street Gaming;  Quinton Singleton, industry veteran venturer and investor; Lauren Lemmer, Chief Compliance Officer & Head of Operations for Wagr; and the management team at The Strategy Organization.

“We are excited to partner with such seasoned strategic investors from inside gaming including suppliers and operators with deep expertise like OpenBet, Acies Investments, and EBCI,” said Joseph Martin, CEO of Kinectify. “This investment will accelerate our mission to provide an all-in-one solution for gaming risk management.”

Kinectify is the industry leading AML risk management technology company for the gaming industry. Its modern AML platform empowers clients in the gaming industry to efficiently manage their risk with real-time intelligence so they can focus on growing their businesses and not be bogged down by compliance concerns.

In addition, Kinectify’s advisory services enhance customers’ capacity with industry experts who can design and test programs, help meet compliance deadlines, and even allow customers to outsource the day-to-day administration of their compliance programs to Kinectify.

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“EBCI is proud to be participating in Kinectify’s latest investment round,” said R. Scott Barber, CEO of EBCI Holdings, LLC. “Kinectify has been a great partner and we are excited to launch its platform at our Caesars Southern Indiana property and future locations.”

“We have been impressed by Kinectify’s team and product which fills a long-standing need in the gaming industry,” said Jordan Levin, CEO of OpenBet. “As the company continues to innovate and change the compliance industry, we’re thrilled to partner with them as they capitalize on the sizable market opportunity ahead.”

Edward King, Co-Founding Partner and Co-CIO of Acies, said: “We are excited to partner with Joseph and the Kinectify team who have created an exceptional AML and compliance platform that addresses mission critical services for both the land-based and mobile gaming ecosystem.  We firmly believe Kinectify’s position in the market is unique and delivers truly valuable technology to its clients.”

Compliance Updates

GiG grows regulated market footprint with new B2B supplier authorisation for Peru

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GiG grows regulated market footprint with new B2B supplier authorisation for Peru

 

Gaming Innovation Group (GiG) has been awarded an authorisation and registration (homologation) for Peru, officially allowing it to partner with operators based in the newly regulated Latin American market, as GiG continues to grow its regulated market presence with over 29 complex regulated markets now available globally, on its revolutionary iGaming technology.

The accreditation process, which opened its doors earlier this year, marks an early entry for GiG that will allow it to serve a market expected to grow post regulation by up to 104%, up from €194m to €397m, in gross gaming revenue (GGR) over the next three years, according to H2 Gambling Data.

This new authorisation from the Peruvian authority, granted to GiG by Ministerio de Comercio Exterior y Turismo de Perú (MINCETUR) , and covers its award winning PAM, as GiG continues a long-standing commitment to regulated market expansion, reaffirming’s its position as a global leader for growth in highly regulated markets.

GiG’s Peruvian presence gained prominence with the announcement of the launch of Betsson Group’s Inkabet brand, in July, expanding on the successful partnership between the two, in regulated markets around the world.

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GiG is continuing to expand its presence in global regulated markets, and across Latin America, with its innovative iGaming platform, as its powerful, secure, and scalable platform offers operators significant opportunities for exponential revenue growth, with a suite of dynamic localisation features. Peruvian operators will benefit from GiG’s integration with leading content and payment providers, with advanced AI tools, DataX and LogicX, enhancing decision-making and rule-building processes. This balance of cutting-edge tools and best-in-class features have proven highly effective in increasing player acquisition and retention, highlighting GiG’s competitive edge in complex regulatory environments like Peru.

Claudio Caruana, General Counsel for GiG says; “The addition of the Peruvian authorisation to our ever expanding list of supported regulated markets continues to demonstrate the focus we at GiG have placed on legislation, providing the framework essential for sustainable and prosperous growth within the online igaming industry. We are delighted to be fully prepared to power new and potential partners with our award winning technology in the area.”

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Compliance Updates

SCCG Announces Strategic Partnership with Steelhead Compliance Solutions

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SCCG Announces Strategic Partnership with Steelhead Compliance Solutions

 

SCCG Management, a global leader in Tribal gaming advisory and management services, has announced a strategic partnership with Steelhead Compliance Solutions LLC, a leader in tribal gaming compliance and regulatory affairs. This partnership aims to create significant opportunities for tribal nations by connecting them with SCCG’s expansive network of over 200 affiliated gaming companies and service providers. Together, SCCG and Steelhead will work to strengthen tribal gaming operations, enhance regulatory compliance, and uphold tribal sovereignty.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Partnering with Steelhead Compliance Solutions aligns perfectly with SCCG’s mission to support the growth and success of tribal gaming enterprises across the U.S. Steelhead’s commitment to preserving tribal sovereignty and ensuring regulatory excellence will be instrumental in helping us provide unparalleled value to tribal nations. We are thrilled to bring our global network and expertise together with Steelhead’s deep understanding of tribal governance and regulatory frameworks.”

Richard Armstrong, founding partner of Steelhead Compliance Solutions, said: “Our partnership with SCCG represents an exciting new chapter in our commitment to supporting Indian Country. SCCG’s extensive management and service offerings, coupled with their unmatched global network, are the perfect complement to our expertise. Together, we will ensure tribal gaming operations not only thrive but also maintain the highest standards of regulatory compliance, protect tribal assets, and capitalize on new opportunities—all while safeguarding tribal sovereignty, which is fundamental to tribal nations.”

Steelhead Compliance Solutions brings over 80 years of combined experience, specializing in assisting tribal nations in navigating complex regulatory environments. The firm is known for its strong relationships with regulatory officials and leaders at tribal, state, and federal levels. Steelhead delivers comprehensive compliance, regulatory, and legal solutions, all while prioritizing the protection of tribal sovereignty. The partnership with SCCG aims to provide tribal nations with the tools and resources needed to grow their gaming operations while maintaining their independence and self-determination.

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Canada

IBIA and PFA Canada anti-match-fixing education program concludes in Alberta

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IBIA and PFA Canada anti-match-fixing education program concludes in Alberta

 

CPL first to benefit from CA$300,000 education fund commitment by IBIA’s regulated sports betting operators

Canadian Premier League (CPL) soccer teams have successfully completed a sports betting integrity player education program. Designed by the International Betting Integrity Association (IBIA) using its 3R’s training model, the program has utilised a combination of dedicated in-person training and online resources, with sessions delivered by the Professional Footballers’ Association Canada (PFA Canada) through its Protecting the Integrity of the Game workshops.

In total, nearly 200 players have been trained by the IBIA/PFA Canada partnership at all eight CPL teams through the program, which started in Ontario and finished in Alberta, also covering teams in Nova Scotia, Manitoba and British Colombia. It concludes the first part of a two-year player education agreement between IBIA and PFA Canada.

Marco Carducci, Cavalry FC & President of PFA Canada, said: “The IBIA sports betting integrity training, in partnership with PFA Canada, was an incredibly beneficial experience for our players. Effective and easy-to-understand, it made clear what professional athletes need to know about sports betting integrity and how to report attempted corruption. We are grateful for IBIA’s support to help safeguard the integrity of the game and to protect and educate our players.”

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In addition to highlighting the potential threats from sports betting related match-fixing, the program educated players on rules and sanctions, the scale and accuracy of technology enabled sports integrity monitoring, and how to report criminals and corrupters using the red button app.

Khalid Ali, CEO of IBIA said: “We take our responsibility to protect regulated sports betting markets, sports and athletes seriously. Decades of experience has shown that a combination of efficient regulation, education and collaboration are essential to safeguarding the sports integrity ecosystem. We are delighted that the PFA Canada education program has been so successful and look forward to year two of the project.”

Dan Kruk, Executive Director, PFA Canada, said: “Through our work with IBIA, nearly 200 Canadian Premier League players attended PFA Canada’s Protecting the Integrity of the Game workshop this season. As a result, stakeholders can be confident our members know their obligations regarding gambling and match-fixing in their sport, how to recognize an approach to fix a match, and crucially, their duty to report any person attempting to manipulate a match.”

The program is the first to be delivered from a CA$300,000 three-year fund – invested by IBIA and its members bet365, Betway and FanDuel – from which Canadian sports and athletes can receive free face-to-face integrity education designed to protect Canadian sports from the potential threat of match manipulation and corruption.

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