Compliance Updates
XPOINT VERIFY IS LIVE IN THE USA WITH SPORTTRADE
Xpoint, the leading geolocation and compliance technology company specializing in North American sports betting and iGaming markets, has announced that Xpoint Verify – Xpoint’s real-money gaming geolocation product – is now live in-market in the USA with Sporttrade, the first dynamic sports betting and trading exchange where you can trade sports bets like you trade stocks.
The news that Xpoint Verify is now live with Sporttrade, initially in New Jersey ahead of a rollout in further U.S. states, reinforces the rapid growth that Xpoint is seeing as it brings its game-changing geolocation real-money sports betting and iGaming technology to market across North America.
“Sporttrade is a revolutionary brand, bringing real innovation and customer-focused sports betting technology to the U.S. market, and we are proud to be part of their team,” commented Marvin Sanderson, Xpoint CEO and Co-Founder. “This announcement marks another milestone for Xpoint, and will serve as a further accelerant for new customer acquisition, supporting our growth targets and helping us continue to transform our marketplace.”
Xpoint Verify is Xpoint’s real money gaming geolocation product, and is offered alongside Xpoint Lite, the go-to option for Daily Fantasy Sports (DFS) operators. Embedded within partner platforms (web and apps), Xpoint Verify provides operators with state-of-the-art geolocation technology which helps ensure they meet North American regulatory and compliance standards, and uses location data to help them unlock the true potential of their geolocation investment.
“We were attracted to work with Xpoint because they bring real innovation, rich experience of our industry, and most of all a true sense of partnership by going deeper than just simply verifying customers’ location,” commented Alex Kane, Founder and CEO of Sporttrade. “Our companies share many attributes, and we are both focused on transforming our markets. We are delighted to have Xpoint as a core partner of ours.”
Compliance Updates
Massachusetts Gaming Commission Launches Official Seal of Approval
The Massachusetts Gaming Commission (MGC) has recently developed and adopted an official seal of approval, which all licensed sports betting operators in the state are now required to display on their digital platforms. The introduction of this seal represents a significant step in the MGC’s ongoing efforts to promote responsible and regulated gaming within the Commonwealth.
The seal is intended to serve as a clear signal to consumers that they are accessing a sports betting platform licensed and regulated by the MGC. By prominently featuring this seal, customers can easily distinguish between legal, licensed operators and unsafe, illegal alternatives.
“The MGC has spent considerable efforts ensuring that the operators licensed in the Commonwealth share our values and are committed to consumer protections and responsible gaming. Massachusetts residents who choose to gamble on sports deserve to know their data, personal and financial information are protected, and only the legal marketplace offers those protections. By locating this seal, users will be able to easily identify a legal sportsbook from an illegal operator,” said Commissioner Eileen O’Brien.
Offshore and unlicensed sports betting sites have been accessible to patrons across the US for years. However, with the legalization of sports wagering in Massachusetts, these offshore operators may attempt to present themselves as legitimate. Yet, they are not licensed by any state jurisdiction and do not comply with the same regulations and consumer protection standards as the legal market.
The risks of using these illegal platforms extend beyond potential data breaches or financial losses. Unlicensed operators may refuse to honor winning bets, leaving consumers with little to no recourse. Illegal gambling activities are also often tied to other serious crimes. The Massachusetts Attorney General’s Office has issued cease-and-desist orders to several major illicit operators. It will continue to monitor and take action against such unlawful activities in coordination with the MGC. The Commission would urge anyone looking for more information on illegal platforms to visit the website of the American Gaming Association.
This newly adopted seal serves as a visual reminder of the regulations in Massachusetts’s legal sports betting market. It enhances consumer protection and builds trust with members of the public who choose to engage in sports betting. By identifying the official MGC seal, customers can have peace of mind knowing they are accessing a fully licensed platform compliant with the Commonwealth’s laws and regulations.
Compliance Updates
Internet Vikings Provides VMware License to Alpha Innovations
Internet Vikings, a licensed in-state hosting provider for iGaming and online sports betting, announces their partnership with Alpha Innovations, a provider of data center services. Under the agreement Internet Vikings will supply Alpha Innovations with VMware licensing through its VMware White Label solution.
Alpha Innovations, known for being a leading Managed Services Provider including cloud computing, data storage, and backup, has chosen to partner with Internet Vikings, a member of the Broadcom Premier Partnership program. This membership highlights Internet Vikings’ capabilities in supporting large-scale and highly regulated environments.
Internet Vikings will provide Alpha Innovations with the essential VMware license, an asset for their cloud offerings. This addition enhances Alpha Innovations’ capability to set up and maintain regulated and compliant cloud environments while upholding their high standards.
“The added value of our licensing solutions and support services aligns perfectly with Alpha Innovations’ needs,” said Rickard Vikström, CEO and Founder at Internet Vikings.
Douglas Tate, CEO at Alpha Innovations added, “As a leading Managed Service Provider (MSP), Alpha Innovations is always looking for ways to improve our service offerings. Our partnership with Internet Vikings is a win-win for our clients. By leveraging Internet Vikings’ VMware licensing solutions, we can offer our clients more flexible, scalable, and secure cloud solutions. This will ultimately help our clients achieve their business goals more efficiently and effectively.”
Both companies are committed to maintaining a transparent and mutually beneficial relationship, demonstrating how data centers and hosting providers can collaborate to meet the licensing needs of the industry.
Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
-
Gambling in the USA6 days ago
Wind Creek Chicago Southland to Open to the Public on November 11
-
Gambling in the USA5 days ago
Snoqualmie Casino Announces Exciting Rebranding to Snoqualmie Casino & Hotel Ahead of Major Expansion
-
Latest News3 days ago
Caesars Virginia Opens Dec. 12, 2024
-
partnerships3 days ago
CORE Arena at the Plaza Hotel & Casino to host free rodeo events during NFR
-
Latest News3 days ago
Aristocrat Announces the Sale of the Plarium Mobile Gaming Business to Modern Times Group for an Enterprise Value of up to $820M
-
Latest News6 days ago
Introducing TenexCasino.io: A Next-Generation Crypto Casino Offering Immersive Web3 Gaming and Sportsbook Options
-
Latest News4 days ago
Jackpot.com Launches in Colorado Providing Consumers Mobile Lottery Access Across the Centennial State
-
Latest News3 days ago
The Casino @ Dania Beach Successfully Upgrades to QCI Enterprise Platform Version AGI55