Miami-based Xpoint has achieved a significant milestone by securing its Maryland license, marking a pivotal step towards expanding its presence in the burgeoning Maryland online sports betting market. The company has forged a strategic alliance with Crab Sports, a prominent sportsbook operator based in Maryland, aiming to fortify their foothold in this competitive landscape.
The Maryland Lottery and Gaming Control Commission bestowed Xpoint with a coveted sports wagering contractor license in 2023, signifying a substantial expansion across the United States and Ontario. At the core of Xpoint’s offerings lies its Verify solution, meticulously designed to ensure stringent compliance with Maryland’s gaming regulations. This innovative solution guarantees the verification of player locations within authorized betting jurisdictions.
The Verify solution is meticulously crafted to cater to a diverse range of mobile and desktop operating systems, including iOS, Android, MacOS, and Windows, thereby empowering Crab Sports with an effective geolocation solution.
Manu Gambhir, Xpoint’s CEO, expressed enthusiasm about the opportunities presented by Maryland’s sports betting landscape, declaring, “Maryland represents a compelling opportunity for sportsbook operators and it has proven to be an extremely lucrative yet competitive market. We are proud to have supported Crab Sports since their launch in Maryland last year and we are committed to ensuring that the Xpoint platform continues to reliably and efficiently handle all geolocation needs so that our operator partners can focus on what they do best—operating their sportsbook.”
This progression aligns with Xpoint’s prior engagements, particularly its association with PlayStar as the designated geolocation collaborator, guaranteeing adherence to regulations for PlayStar’s online casino initiatives in New Jersey and Pennsylvania.
Xpoint’s securing of the Maryland license and partnership with Crab Sports underscores the company’s commitment to driving innovation in the online sports betting realm, leveraging cutting-edge technology to enhance operational efficiency while ensuring stringent compliance with regulatory standards.
In another strategic move, Gaming Innovation Group (GiG) secured licenses in Maryland and Pennsylvania in March 2023, signaling a collective effort among key industry players to expand their presence across regulated markets.
