PrizePicks partners with Xpoint, implements geolocation technology

January 22, 2024
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The duo will ensure that customer transactions fall in line with state and federal regulations.

North American daily fantasy sports (DFS) operator PrizePicks has teamed up with Xpoint to implement its geolocation technology. Xpoint specializes in offering customized and anti-fraud solutions through its geolocation and compliance technology.

Under the terms of the agreement, PrizePicks will implement Xpoint’s platform to streamline the company’s transactions and make sure that purchases made by customers are compliant with both state and federal regulations.

Xpoint CEO Manu Gambhir commented on its partnership with PrizePicks by saying, "We are impressed by PrizePicks' commitment to compliance and their deep due diligence in selecting a geolocation partner.

“We look forward to working together to help them raise the bar in the DFS industry."

PrizePicks CEO and Co-Founder Adam Wexler took a moment to discuss the company’s excitement to collaborate with Xpoint.

He commented, "We are committed to the integrity of our product offering, which is why we are thrilled to partner with Xpoint to leverage their industry-leading technology.”

Wexler went on to add that the company hopes to continue its expansion with the fantasy sports industry.

He concluded by saying, "The introduction of Xpoint is part of our ongoing efforts to ensure that we continue to meet and exceed the increasing demands within the DFS industry, while also pushing boundaries and innovating in the space."       

Xpoint focuses solely on the gaming industry and said it “is committed to working with partners to deliver the most accurate geolocation solution while remaining compliant with all applicable regulations.”

Responsible gaming remains a key priority for PrizePicks as it continues launching into new markets, the company said.

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