Xpoint, a specialist in geolocation technology, has significantly expanded its presence in the US by obtaining licenses in 12 new states as well as in the District of Columbia, bringing the total to 19 states covering almost three-fourths of the American population.
The company revealed that it has secured licenses in Colorado, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, New York, Pennsylvania, Virginia, West Virginia, Wyoming, and the District of Columbia. This expansion means that Xpoint is now operational in several of these states, including Colorado, Kentucky, Louisiana, and Maryland.
In addition to these new licenses, Xpoint’s geolocation services are already available in Ohio, Tennessee, and the Canadian province of Ontario, further solidifying the company’s footprint in North America.
One of Xpoint’s core offerings is its geolocation security solutions, which are essential for online casino and sports betting companies to remain compliant with the geolocation requirements in the markets where they operate. The company’s flagship product, Xpoint Verify, is a comprehensive geo-compliance suite equipped with advanced fraud detection and prevention solutions. It is designed for seamless integration by operators and supports both mobile and desktop platforms, in addition to providing reliable geolocation tracking and exceptional customer service.
Manu Gambhir, the CEO of Xpoint, described the acquisition of the new licenses as a “milestone” for the company, signaling its commitment to the continued growth of the US online gambling industry. He also highlighted the importance of competition in the geolocation sector, emphasizing that Xpoint’s expansion into more states will foster innovation and drive the evolution of the industry.
Gambhir, who assumed the role of CEO in May 2023, also addressed the previous legal dispute with competitor GeoComply, stating that the case against Xpoint was ultimately dismissed. This development has cleared the way for Xpoint to focus on its expansion and continued development of its geolocation technology solutions.
Overall, the recent expansion and operational advancements mark a significant achievement for Xpoint, positioning the company as a major player in the rapidly growing geolocation technology market.