GeoComply
Prophet Exchange to improve player funnel by replacing KBA with GeoComply’s new KYC authentication solution
GeoComply Core for Authentication was launched to address the estimated 30 percent user drop-off caused by KBA
GeoComply Solutions Inc. (“GeoComply”) announced that its latest innovation, GeoComply Core for Authentication (CfA), is now available to streamline cumbersome registration requirements for players and bolster security, helping prevent fraudsters from setting up malicious gaming accounts.
CfA is a frictionless know-your-customer (KYC) authentication alternative for knowledge-based authentication (KBA). CfA offers the ability to authenticate the user through several data points instantly. CfA’s user-friendliness and robust security make this new GeoComply solution an essential tool for online gaming operators looking to improve customer acquisition conversion rates and maintain compliance in the ever-evolving regulatory landscape.
The New Jersey Division of Gaming Enforcement (NJDGE) has given the green light to this state-of-the-art solution. CfA is a much-needed alternative to traditional methodologies that often lead to friction during the customer onboarding process. CfA provides an authentication solution fit for New Jersey or any other jurisdiction where regulations require KBA, document verification, or other forms of enhanced KYC due diligence.
Lindsay Slader, GeoComply’s Sr. Vice President of Compliance, expressed her excitement over the NJDGE’s decision: “This approval underscores our dedication to creating industry-leading solutions that meet the highest compliance and security standards. With the introduction of this product, we aim to expand our customers’ player acquisition funnel, while simultaneously ensuring the integrity of the online gaming ecosystem. We appreciate the New Jersey DGE’s commitment to innovation that fosters a secure and player-friendly online gambling environment for the state’s residents.”
Prophet Exchange, the first sports betting exchange in the U.S., operating in New Jersey, will be the first to deploy GeoComply’s new CfA solution. Jake Benzaquen, Co-Founder of Prophet Exchange, remarked: “In the competitive world of sports wagering, ensuring a seamless experience for legitimate users while keeping fraudsters out is paramount. Converting registrations to bettors is also of the utmost importance in this highly regulated landscape. GeoComply’s new product offers precisely that – a blend of ideal player UX and security. We’re thrilled to integrate this solution into our platform.”
geo-verification services
The Choctaw Nation of Oklahoma selects GeoComply to deliver geolocation compliance for Class II mobile gaming
GeoComply is proud to announce that it has been awarded the contract to provide “geo-verification services” for the Choctaw Nation of Oklahoma’s upcoming Class II mobile gaming initiative. GeoComply’s state-of-the-art PinPoint® technology will be utilized to ensure that all Class II mobile gaming activity occurring at Choctaw tribal casinos is fully compliant with regulatory requirements while delivering a seamless and secure gaming experience for users.
The future roll-out of Class II mobile gaming represents an exciting new opportunity for the Choctaw Nation to offer innovative gaming experiences to their patrons. This initiative, supported by GeoComply’s PinPoint technology, will allow customers to participate in Class II mobile gaming from within the casino and across tribal lands, marking an important step forward for tribes that are interested in exploring the broader benefits of online gaming.
“Class II mobile gaming will further enhance the Choctaw Nation’s position on the leading-edge of innovation in the casino industry. We’re thrilled to support them with our advanced geolocation services,” said Sam Basile, Vice President of Business Development at GeoComply. “By providing secure, compliant and user-friendly technology, like PinPoint®, we’re helping the Choctaw Nation deliver an omni-channel gaming experience to their customers while safeguarding the integrity of their operations.”
Chris Scrivner, Executive Director of Gaming and Hospitality for the Choctaw Nation, added, “We’re excited to partner with GeoComply for our Class II mobile gaming project. Their PinPoint technology is a proven on-premise geofencing solution that provides us with reliability and compliance so we can offer mobile gaming to our patrons with full confidence. This initiative opens the door for us to engage our customers in new ways.”
GeoComply’s PinPoint® technology has been a trusted solution in the gaming industry, ensuring that mobile gaming activities occur strictly within designated areas. The company’s services help gaming operators navigate complex regulatory environments while maintaining the security and integrity of their platforms.
GeoComply
Hero Group Successfully Completes Acquisition of Betting Hero with GeoComply Backing
Betting Hero, the premier live activation affiliate in the North American iGaming industry, and GeoComply, the global leader in geolocation compliance, anti-fraud, and identity technology, today announced the successful closing of the acquisition of Betting Hero by Hero Group Corp., a newly incorporated entity controlled by Betting Hero’s co-founders, Jai Maw and Jeremy Jakary, with strategic financial backing from GeoComply. For further details about the transaction, please refer to GeoComply’s June 27th press release. The new ownership and investment structure leaves Betting Hero in a strong financial position to enter its next growth phase.
“When PASPA was repealed in 2018, Jeremy and I had a vision of helping more people safely learn how to enjoy the incredible digital experience offered by our customers. Six years later, we’ve activated over 500,000 players across the nation, and with the GeoComply relationship, we have the firepower to offer more to the industry and our customers. GeoComply and Betting Hero see the world in a similar way, and we’re excited to have their backing to scale through our next growth phase of Betting Hero,” said Jai Maw, Co-Founder and President of Betting Hero.
The announcement follows Betting Hero’s 2024 SBC Casino Affiliate of the Year and EGR North America’s Diversity and Inclusion Model of the Year honors. Betting Hero is a live activation and research services company leveraging its extensive “Hero” network to engage players directly through dynamic, face-to-face interactions at casinos, arenas, and partnered bars. The company’s hands-on approach is proven to be the most effective in the Affiliate market, delivering an 80%+ conversion rate from registration to active depositing customers—far exceeding industry averages.
In addition to the company’s unprecedented customer acquisition success, leading operators and suppliers in the iGaming industry rely on Betting Hero to provide actionable intelligence and insights through its purpose built, and industry specific consumer insights and testing division; Betting Hero Research. “As a leading operator in the hyper-competitive North American digital markets, PENN Entertainment relies on the Betting Hero Research division as a trusted partner, delivering timely, relevant, and actionable information that accelerates our digital transformation. Their insights are invaluable,” said William Zeralsky, Vice President Marketing Strategy & Performance – PENN Entertainment
“GeoComply shares Jai and Jeremy’s vision to deliver the very best player experience for our industry. While digital analytics alone can offer great insights, they lack the in-person experience for operators to see, hear, and learn from real customer interactions. Betting Hero bridges that gap by delivering exceptional real-world UX insights. We experienced that firsthand ourselves as customers of their Research division, and now we’re excited to support Betting Hero in using that expertise to drive even greater growth,” said Anna Sainsbury, CEO of GeoComply.
Anna Sainsbury GeoComply’s Co-Founder and CEO
GeoComply announces minority investment in Betting Hero
GeoComply Solutions Inc. today announced it has entered into a definitive agreement with FansUnite Entertainment Inc. (“FansUnite”), FansUnite US Inc. (“FansUS”), and Hero Group Corp. (the “Purchaser”) pursuant to which FansUnite has agreed to sell to the Purchaser all of the issued and outstanding shares of FansUS, which owns and operates the Betting Hero business, for an aggregate purchase price of US$37.5 million, subject to ordinary working capital and cash adjustments (the “Transaction”).
Upon completion of the Transaction, the Purchaser will be controlled 60% by Betting Hero’s co-founders, Jai Maw and Jeremy Jakary (the “Betting Hero Co-Founders”), and 40% by GeoComply. GeoComply’s investment in the Purchaser will support the Betting Hero Co-Founders to operate and grow the Betting Hero business following the sale of the Betting Hero business to the Purchaser.
“Jai and Jeremy have built a tremendous business with a laser-like vision to support their customers’ mission for the best possible user experience through the sign-up process. At GeoComply we share that vision and are delighted, through this intended investment, to help Betting Hero further their efforts and deploy more resources and focus into serving our customers and their patrons throughout North America,” said Anna Sainsbury, GeoComply’s Co-Founder and CEO.
Betting Hero has operated for six years and is now active in more than 20 regulated gaming states. Its Activation business has converted over 500,000 new users to online sportsbook and iGaming operators, nearly all of whom were betting at a casino, arena, or in the Betting Hero bar network. The Betting Hero Research segment shows that new users activated by ‘Heroes’ are 50% more likely to make a successful first-time deposit, compared to the industry average. Betting Hero and GeoComply intend to work in tandem to develop real-time solutions that will make the online sportsbook and iGaming activation process as seamless as ever.
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