Xpoint secures licenses to operate in more states
The provider is pursuing more licenses in the remaining states where it is legal to operate.
Xpoint has secured a number of licenses to operate in 12 additional states, as well as the District of Columbia.
The 12 states included are Colorado, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, New York, Pennsylvania, Virginia, West Virginia and Wyoming.
This news now means Xpoint operates in a total of 19 states nationwide, which accounts for nearly 75% of the US iGaming market, with the provider actively looking to secure more licenses in the remaining states where it is legal to operate.
Xpoint Verify, the company’s geolocation platform for iGaming and sports betting, is an advanced toolset for regulatory geo-compliance and helps to detect and prevent fraud while also providing marketing insights to operator customers.
The platform’s geolocation tracking service helps to ensure players are located within a permitted betting jurisdiction and ensures compliance is maintained based on the particular state’s gaming regulations.
Xpoint CEO Manu Gambhir said: “Today’s multi-licensure announcement marks a milestone in our journey and our vote of confidence in the continued growth of online gaming in the USA.
“Until now, there has only been a single geolocation provider in the industry, creating risk for operators, slowing innovation, and keeping costs high due to a lack of competition. These additional licenses are a major step forward in allowing the industry to evolve and bring the most advanced geolocation platform to market.”
Last week, daily fantasy sports operator PrizePicks partnered with Xpoint to implement its geolocation technology to streamline the company’s transactions and to ensure purchases made by customers are compliant with state and federal regulations.
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