GeoComply lawsuit against Xpoint
GeoComply contends Xpoint is violating its patented technology (US Patent 9,413,805), which it filed in 2016. The suit also contends that Xpoint leadership was aware the entire time that the company was infringing upon GeoComply technology.
Since the start of regulated online gambling in the United States, Canadian-based company GeoComply has provided fraud prevention and cybersecurity solutions that detect location fraud and verify a customer’s true digital identity. Recently another competitor Xpoint started expanding into the US as well.
More about Xpoint
The company started to launch in Ontario earlier this year with companies like SkillOnNet. Xpoint recently started expanding into the US as well, including going live with sports betting exchange Sporttrade earlier this week. GeoComply seems to have noticed and filed a suit and injunction in a Delaware court on Wednesday. Delaware has jurisdiction in this matter, as Xpoint is a Delaware-based LLC.
The New Jersey online casino PlayStar was the first US company to launch with XPoint as its geolocation provider. While PlayStar is discussed at length in the filing, the suit does call out other operators in the US with Xpoint deals, Sporttrade and Mojo, as examples of Xpoint’s rapid US expansion.
GeoComply issued the following statement: “This action is about protecting GeoComply’s proprietary technology. We welcome healthy competition and new ideas in the marketplace and the ability to distinguish our leading solutions and technology from others. To add, we also respect and expect others to respect, the valuable intellectual property that companies like ours spend a lot of time, effort, and money developing. We are confident in the merits of our case. Otherwise, per our company policy, we won’t comment further on this or any other active legal matters.”
Xpoint calls the filing “meritless” and issued the following statement: “Xpoint, the geolocation technology company, has become aware that a market competitor, GeoComply, has recently filed a complaint alleging that Xpoint infringes U.S. patent No. 9,413,805. Xpoint believes the allegations are meritless.
The filing of GeoComply’s complaint follows a number of recent public announcements confirming that Xpoint’s geolocation technology is now live in both the USA and Canada with multiple partners in the North American sports betting and iGaming industry.
Read more about GeoComply and their study.
Light & Wonder has officially sold its sportsbook to Endeavor
As previously announced, Light & Wonder aimed to sell its sports betting business to Endeavor. The deal was completed for total gross proceeds of roughly $800m, per press releases from the two companies. The price included $750m in cash and just over 2.3m shares of Class A common stock of Endeavor.
This was the final step to focus on online casino gaming. Along with OpenBet, the former Scientific Games has also divested its lottery division. Interim CEO of Light & Wonder Matt Wilson shared, ”With the completion of the OpenBet divestiture and our now streamlined organization, Light & Wonder is well positioned to execute on our growth strategy with a singular focus on building great games fully cross-platform.” “With our R&D engine and world-class talent at our core, we have an unparalleled ability to leverage our leading industry positions, evergreen franchises, and unmatched platforms to drive sustainable differentiation and significant value.”
OpenBet works exclusively with licensed customers and regulated global gaming markets. This includes leading US and international sportsbooks such as DraftKings, FanDuel, SkyBet, Ladbrokes, and William Hill, per Endeavor press release.
OpenBet focuses on betting engine technology, processing billions of bets annually. The platform also features trading, pricing, and risk management tool, player account and wallet solutions, front-end UX and UI as well as content offerings such as BetBuilder, DonBest pricing feeds, and an industry-first sports content aggregation platform.
MaximBet in Indiana
MaximBet has launched sports betting operations in Indiana. The launch is the first for MaximBet, featuring its new sports betting service and user experience technology. The service is developed in partnership with suppliers Kambi Group and White Hat Gaming.
Carousel Group owns MaximBet, and Indiana is the second state MaximBet operates. After launching in Colorado, in 2021, the brand has enjoyed a successful debut period in the Centennial State. The launch comes as part of the 10-state market access agreement that the firm signed with Caesars Entertainment in September 2021. The plan is to expand rapidly into other US states, with launches in Iowa, New Jersey, Pennsylvania, and Ohio as current targets, as well as an expansion into the Canadian-breakthrough market of Ontario. To support the launch, MaximBet is offering a first-time deposit match-up to $250, as well as preparing “Super Freaky Odds Boosts” daily for players.
MaximBet became the first US sportsbook operator to partner with a Major League Baseball player following the relaxation of betting restrictions as part of a new collective bargaining agreement with the league in April when it partnered with Colorado Rockies player Charlie Blackmon. The firm also made headlines in June when it announced the recruitment of female rapper Nicki Minaj as an investor, board member, and global ambassador for the brand.
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