PrizePicks, a frontrunner in the fantasy sports industry, has joined forces with Xpoint to implement cutting-edge geolocation technology, fortifying its operations against online gaming fraud. The advanced technology is meticulously designed to pinpoint user locations, facilitating tailored and regulation-compliant experiences aligned with state and federal guidelines.
In a distinctive approach, Xpoint specializes exclusively in the gaming industry, providing regulatory-compliant solutions for Daily Fantasy Sports (DFS) and online gaming operators, ensuring precision and accuracy in their geolocation capabilities.
The integration of Xpoint’s technology into the PrizePicks platform marks a significant step in securing player locations, thereby guaranteeing that all transactions adhere to local regulations. This move is crucial in addressing challenges posed by location spoofing and Virtual Private Networks (VPNs), which can potentially enable players, both within and outside the US, to engage in activities that violate gaming regulations.
Geolocation and geo-compliance technology play a pivotal role in the online gaming industry’s integrity. Addressing the significance of geo-fencing, Radar CEO and Co-Founder Nick Patrick shared insights in a previous issue of Gambling Insider.
Adam Wexler, CEO and Co-Founder of PrizePicks, expressed enthusiasm about the partnership, stating, “We are committed to the integrity of our product offering, which is why we are thrilled to partner with Xpoint to leverage their industry-leading technology. The introduction of Xpoint is part of our ongoing efforts to ensure that we continue to meet and exceed the increasing demands within the DFS industry while also pushing boundaries and innovating in the space.”
Manu Gambhir, CEO of Xpoint, echoed the statement, saying, “We are impressed by PrizePicks’ commitment to compliance… We look forward to working together to help them raise the bar in the DFS industry.” The collaboration underscores the mutual dedication to upholding industry standards and elevating the DFS experience through innovation and technological excellence.
