Geolocation technology provider Xpoint has secured licenses to operate in 12 more U.S. states and the District of Columbia, bringing Xpoint’s presence to 19 states, covering nearly 75 percent of the U.S. igaming market.
Xpoint’s flagship platform, Xpoint Verify, is a toolset designed for regulatory geo-compliance in igaming and sports betting that focuses on ensuring accurate geolocation tracking, which is crucial for maintaining regulatory compliance with various state gaming regulations. Xpoint Verify also plays a vital role in detecting and preventing fraud while offering valuable marketing insights to operators.
“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,” Manu Gambhir, CEO of Xpoint, said. “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.”
The company has recently been expanding its footprint. Last week, Xpoint partnered with PrizePicks, one of the largest daily fantasy sports operators in North America, to embed its geolocation technology into the PrizePicks platform.
“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,” PrizePicks CEO Adam Wexler explained.
