G3 INSIGHT XPOINT
meet their regulatory obligations, they have to trust the geolocation technology they are using, and with Xpoint, that trust is built in. As the US market continues to evolve, and more states legalise sports betting, geolocation technology will become ever more important, and Xpoint is ready to help our partners meet their own goals as more states come online.
Are people trying to get around state requirements and gamble from out of state?
You could call this the grey market, sports fans who want to place wagers but are unable to do so because they live in states where it is not legalized. Tis means that there are people who can’t place wagers with licensed operators who give them all the consumer protections any well-regulated industry does.
You also work in fraud prevention. Could you tell us a bit more about that? Does geolocation play a part in fraud prevention?
Te primary fraud Xpoint’s tech detects and stops is "Geolocation Fraud" - i.e. a user who is attempting to wager outside of a permitted area. Tis is where Xpoint’s technology can verify the device geolocation data points are valid and not the result of a user trying to circumvent regulations through the use of location spoofing technologies and techniques.
Xpoint also has a number of other fraud detection capabilities, namely;
Device Sharing - A single device being used for multiple accounts. Tis can act as warning that proxy wagering is taking place.
Account Sharing - A single account being used across multiple devices. Tis can also act as a warning that proxy wagering is taking place. Geolocation plays an additional role to detect location jumping scenarios.
An example of this would be a user who is out of their registered state but logs in and then selects their wagers and logs out. Te user account is then accessed on another device this time within the regulated state, however the time between logins would be unrealistic to allow for travel between. Our tech detects that and helps prevent that sort of fraud.
Proxy Wagering Explanation - An individual instructs someone to wager on their behalf. In the USA this breaches laws (specifically the Wire Act) and state gaming regulations.
Will people come up with more sophisticated ways to circumvent location requirements?
As more states legalise sports betting, the grey market will shrink. Tat will mean less people are trying to circumvent regulations, and there will be more people able to enjoy placing a wager in a safe, secure, regulated environment. In states where sports betting remains unregulated, there will likely always be people trying to get round the regulations, but technology will continue to evolve to minimise those numbers in un-regulated states.
P68 WIRE / PULSE / INSIGHT / REPORTS
“For companies to be able to operate legally and to meet their regulatory obligations, they have to trust the
geolocation technology they
are using, and with Xpoint, that trust is built in. As the US market continues to evolve, and more states legalise sports betting, geolocation
technology will become ever more important, and Xpoint is ready to help our partners
meet their own goals as more states come online.” Marvin Sanderson
“As more states legalise sports betting, the grey market will shrink. That will mean less people are trying to circumvent regulations, and there will be more people able to enjoy placing a wager in a safe,
secure, regulated environment. In states where sports betting
remains unregulated, there will likely always be people trying to get round the regulations, but technology will continue to evolve to minimise those numbers in un-regulated states.”
Marvin Sanderson
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