Underdog, a prominent fantasy sports gaming company, has selected GeoComply, a leading provider of fraud and risk solutions, as its geolocation provider for North America. This strategic partnership will utilize GeoComply’s Core suite and Solus product to enhance Underdog’s fantasy sports operations and prepare for the introduction of future sports betting products.
Enhancing Geolocation Services:
Underdog’s choice to collaborate with GeoComply signifies its commitment to providing top-notch services while ensuring compliance with regulations. The partnership combines the strengths of both companies to deliver safe, compliant, and seamless experiences to customers.
GeoComply’s Expertise:
GeoComply’s Vice President of Business Development and Licensing, Sam Basile, expressed enthusiasm about working with Underdog, highlighting their customer-centric approach, dedication to product innovation, and commitment to regulatory compliance. GeoComply’s geolocation solutions have earned a solid reputation in the gaming industry.
Underdog’s Growth and Licensing:
Underdog has been making strides in the gaming industry and was awarded a license by the Ohio Casino Control Commission in December. This milestone paved the way for the company to operate as an online sports betting provider in Ohio, aligning with the state’s move to legalize sports betting on January 1, 2023.
GeoComply’s Acquisition of OneComply:
GeoComply has recently completed its first major acquisition by purchasing OneComply, a company specializing in compliance and licensing management. GeoComply customers will benefit from OneComply’s tools, which streamline the licensing process for regulated industries, such as gaming and fintech.
Anna Sainsbury on the Acquisition:
GeoComply’s Founder and CEO, Anna Sainsbury, expressed her excitement about welcoming OneComply into the GeoComply family. She acknowledged the challenges of licensing processes in regulated industries and highlighted how OneComply’s services ease the burden for organizations and regulators alike.
Underdog’s partnership with GeoComply reflects its dedication to providing a secure and compliant gaming experience for its customers. This collaboration showcases the value of advanced geolocation services and positions Underdog for growth in the evolving landscape of fantasy sports and online sports betting. Additionally, GeoComply’s acquisition of OneComply demonstrates the company’s commitment to simplifying the licensing process for its customers and regulators.