Geolocation provider Xpoint Tuesday announced that it has secured licenses in 13 additional legal U.S. online sports betting jurisdictions, including New York, Pennsylvania, and Virginia.
Xpoint currently provides geolocation services to the exchange wagering platform Sporttrade in New Jersey and Colorado, and last week daily fantasy operator PrizePicks announced that it had partnered with the company. Fantasy providers BettorFantasy, FlexFan, PlayStar, and Skill on the Net also use Xpoint.
“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,” said Manu Gambhir, CEO of Xpoint. “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.”
In addition to Colorado, New Jersey, New York, Pennsylvania, and Virginia, Xpoint added licenses in Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, West Virginia, Wyoming, and the District of Columbia. It is also licensed in Arizona, Delaware, Nevada, Ohio, Rhode Island, Tennessee, and Ontario, Canada. The company has license requests pending in Illinois and North Carolina.