Geolocation and compliance technology company Xpoint has launched its real-money geolocation product Xpoint Verify with Sporttrade.
Sporttrade is a newly launched sports betting exchange, which will initially operate out of New Jersey.
As such, Xpoint Verify will first launch with Sporttrade in New Jersey, joining the exchange as it rolls out in further US states.
Xpoint says its latest partnership aids its growth across markets in North America.
Xpoint CEO and Co-Founder Marvin Sanderson said: “Sporttrade is a revolutionary brand, bringing real innovation and customer-focused sports betting technology to the US market, and we are proud to be part of their team.
“This announcement marks another milestone for Xpoint, and will serve as a further accelerant for new customer acquisition, supporting our growth targets and helping us continue to transform our marketplace.”
Sporttrade Founder and CEO Alex Kane added: “We were attracted to work with Xpoint because they bring real innovation, rich experience of our industry, and most of all a true sense of partnership by going deeper than just simply verifying customers’ location.
“Our companies share many attributes, and we are both focused on transforming our markets. We are delighted to have Xpoint as a core partner of ours.”
Xpoint Verify is designed to provide operators with geolocation technology, helping ensure operators meet North American regulatory and compliance standards. The solution also uses location data to help operates and enhance localised investment opportunities.
Other products in Xpoint’s portfolio include Xpoint Lite, a solution offered to daily fantasy sports operators. Both Xpoint Lite and Xpoint Verify can be embedded together as one programme.
