Geolocation technology company, Xpoint, has recently formed a strategic partnership with Mojo, the pioneering sports stock market platform based in New Jersey. The collaboration aims to leverage Xpoint’s real-money gaming product, Xpoint Verify, to enhance Mojo’s geolocation services within the state. This move allows both companies to capitalize on North American regulatory standards while offering fans an exciting opportunity to make real-money bets on athletes’ career prospects, similar to stock trading.
Xpoint’s Partnership with Mojo
Xpoint’s CEO and co-founder, Marvin Sanderson, expressed his excitement about the partnership, emphasizing that the licensing in New Jersey enables the company to collaborate with innovative companies like Mojo. He further stated that Xpoint is proud to be part of Mojo’s team as they bring their revolutionary sports stock market product to market. This collaboration promises a busy end to 2022 and beyond as Xpoint looks forward to expanding its reach and partnering with other world-class organizations.
Xpoint Verify: Powering Mojo’s Geolocation Technology
Xpoint Verify serves as Xpoint’s flagship product, providing geolocation technology to operators to ensure compliance with North American regulatory standards. Notably, this technology not only meets regulatory requirements but also assists operators in identifying investment potential. With Xpoint Verify at its core, Mojo’s users can now make real-money bets on an athlete’s career prospects, offering real-time price changes and instant liquidity, akin to trading stocks.
Successful Deployments in New Jersey and Ontario
Xpoint’s geolocation technology has already found success in the New Jersey market, powering the online casino brand PlayStar. The partnership enabled PlayStar to secure its offerings, comply with regulations, and provide a safe betting experience for its users. Additionally, Xpoint Verify has made its mark in the Ontario market through a partnership with online casino operator SkillOnNet, expanding the product’s footprint in the Canadian market.
Xpoint Joins the American Gaming Association
In a significant industry recognition, Xpoint earned a position as a board-level member of the American Gaming Association (AGA). Marvin Sanderson, the co-founder, and CEO of Xpoint, has joined the AGA board of directors, and other members of Xpoint’s leadership team are actively contributing to various committees. This collaboration highlights Xpoint’s commitment to shaping the future of the industry alongside esteemed peers.
The strategic partnership between Xpoint and Mojo represents a major milestone in the geolocation technology space, with Xpoint Verify’s powerful capabilities enhancing the sports stock market experience for Mojo’s users in New Jersey. By joining forces with the American Gaming Association, Xpoint continues to solidify its position as an industry leader, actively contributing to the growth and success of the gaming and sports betting sectors. With a promising outlook for the future, Xpoint’s innovative geolocation technology is poised to transform the gaming industry and drive more groundbreaking collaborations in the coming years.