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
BGaming awarded Peru supplier licence
Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.
BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.
The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.
Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.
“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,600+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 150+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
Compliance Updates
Superbet Becomes the First Regulated Bookmaker in Brazil
Superbet Brasil, sponsor of São Paulo and Fluminense, has become the first betting house to pay the R$30 million (US$5.2m) concession required by the government to become a regulated company.
To be able to make the transaction, the “Bet” (as the operators are called in Brazil) had to meet all the requirements of the Ministry of Finance in the document evaluation phase.
The company is the first to go through this process. The platform was the second in the industry to request authorization to operate in Brazil. Betano was the first.
The arrival of Superbet, which has just completed one year, was subject to regulation. The company only does business in countries with defined rules for sports betting.
Superbet CEO Alexandre Fonseca said that the regulation of the so-called “Bets” in Brazil is a milestone for the development of the industry and for the country.
“A regulated market promotes legal and tax security for operations, increases revenue for the Union and offers greater protection to players. These are objectives shared by all serious operators in the sector,” he said.
Compliance Updates
New Jersey State Athletic Control Board Adopts Sports Betting Policy
The New Jersey State Athletic Control Board (SACB) announced that it has recently adopted an updated sports betting policy for all licensees, officials, and employees.
Effective immediately, the policy prohibits unethical betting practices and reinforces the commitment to maintaining fairness and public trust in combative sports, including boxing, wrestling, extreme wrestling, kick boxing, and combative sports exhibitions, events, performances, and contests.
“With this action, we are safeguarding the integrity of combative sports events. By implementing these standards, we are sending a clear message that unethical behavior will not be tolerated in New Jersey’s combative sports industry,” said SACB Commissioner Larry Hazzard Sr.
The policy applies to board officials, such as inspectors, timekeepers, judges, referees, and physicians; board members, including the chairman; and board employees, such as the commissioner and deputy commissioner. Promoters, participants, and their agents are also encouraged to adopt integrity policies in line with these standards.
Key policy provisions include those related to betting restrictions, prohibited conduct, training, and enforcement, among others:
• Officials, members, and employees are prohibited from betting on any combative sports event, both within New Jersey and globally. Legal betting on non-combative sports is allowed, provided it complies with local laws. Board employees must register with the Division of Gaming Enforcement (DGE) before placing such bets in New Jersey.
• All forms of illegal betting, including through unauthorized platforms, are strictly prohibited.
• Prohibited conduct includes match fixing and acting on or spreading insider information.
• Board personnel are prohibited from working for sportsbooks or their affiliates.
• Promoters and participants, along with their agents and managers, must refrain from betting on combative sports events held in New Jersey or engaging in any actions that compromise the integrity of performances.
• All stakeholders, including board officials, members, employees, promotors, participants, agents, managers and seconds, are obligated to report any violations of this policy to the SACB Commissioner immediately.
• Board personnel are required to undergo training and acknowledge this policy.
• Violations may result in disciplinary actions, including fines, license suspensions, or revocation.
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