Xpoint and Crab Sports Partnership:
In 2023, Xpoint, a Miami-based entity, acquired a sports wagering contractor license from the Maryland Lottery and Gaming Control Commission. This landmark development paved the way for a strategic collaboration with Crab Sports, a renowned Maryland-based sportsbook operator. Their united aim was to capitalize on the burgeoning Maryland online sports betting market.
The Verify Solution:
Xpoint’s cutting-edge Verify solution played a pivotal role in this expansion. Its primary objective? To meticulously adhere to Maryland’s gaming regulations by verifying player locations within authorized betting jurisdictions. This solution caters seamlessly to various platforms – mobile (iOS, Android) and desktop (MacOS, Windows), providing Crab Sports with a robust geolocation framework.
CEO’s Vision:
Manu Gambhir, the CEO of Xpoint, underscored Maryland’s allure as a lucrative yet fiercely competitive market. His emphasis rested on supporting Crab Sports since their Maryland debut, ensuring the Xpoint platform’s reliability in handling geolocation needs. By doing so, Xpoint enables its operator partners to concentrate on their core expertise – operating the sportsbook.
Strategic Collaborations:
Xpoint’s foray into Maryland mirrors its prior successful collaborations. Notably, it partnered with PlayStar, serving as the official geolocation partner for PlayStar’s online casino ventures in New Jersey and Pennsylvania. This partnership underscores Xpoint’s commitment to ensuring regulatory compliance for its associates across various markets.
Industry Expansion:
This expansion wasn’t exclusive to Xpoint alone. In March 2023, Gaming Innovation Group (GiG) secured licenses in Maryland and Pennsylvania, showcasing a broader trend of industry players expanding their reach and services across multiple key jurisdictions.
Xpoint’s recent achievement in obtaining the Maryland license and fortifying its collaboration with Crab Sports marks a significant milestone in its quest for market dominance. Their focus on compliance, technological innovation, and strategic partnerships signifies a proactive approach within the evolving landscape of online sports betting.