OpenBet Tuesday announced the acquisition of Neccton, a provider of responsible-gaming, anti-money laundering, and fraud-detection technology. The acquisition comes as OpenBet, a member of the Endeavor network and a provider of content, platforms, and services to the sports betting industry, increases its player-protection offerings.
“Since the birth of online sports betting, OpenBet has been at the forefront of creating compelling and safe entertainment experiences built on solid technology foundations,” said OpenBet CEO Jordan Levin in a statement. “OpenBet’s acquisition of Neccton takes our commitment to player protection and AML to the next level.”
OpenBet’s customers include FanDuel, DraftKings, Entain, Sky Bet, the British Columbia Lottery Corporation, and Loto Québec. Based in London, United Kingdom, OpenBet has developed software and services for the gaming industry since 2008. Its technology is used in more than 30 countries and services more than 60 billion transactions, analyzes millions of real-time activity streams from players, and is capable of processing tens of thousands of events per second.
Neccton’s product suite can monitor players globally, with extensive experience in Europe and North America. Its AI-based systems analyze player behavior in real time, increasing accuracy and reducing the cost of AML, fraud detection, and responsible-gaming activities. Neccton’s customizable rules and thresholds are designed and developed specifically for gaming operators and regulators.
“We have always held the belief that many of the world’s biggest problems can be solved through a potent combination of scientific research and advanced software,” said Neccton Managing Director Dr. Michael Auer. “It’s an existential imperative for our industry. With its 25-year track record, high compliance standards, and position as a leading partner for World Lottery Association members, there is no better partner than OpenBet to help us achieve that.”
