Xpoint, a geolocation and compliance tech firm specializing in US sports betting and igaming markets, has been appointed as the official geolocation partner of Sparket, a sports wagering technology company.
Sparket’s goal is to make sports betting ‘accessible and fun to a broader demographic’. Xpoint’s team will support the firm in facilitating this by helping it meet regulatory requirements, unlock customer engagement, and enhance revenue opportunities.
The partnership will allow Sparket to provide its patent-pending Social Betwork software in a regulated, secure digital environment that meets all state and federal regulations, while also ‘turning the geolocation digital utility into an asset that generates value’.
“We’re delighted to add Sparket to our partner group, and excited to start work supporting their team as they bring their game-changing platform to market,” commented Marvin Sanderson, CEO and Co-Founder of Xpoint.
“Sparket share our vision for wanting to bring innovation, transparency and cutting-edge technology to the sports wagering industry, so I see this partnership as a very natural fit. Sparket has a bright future ahead, and we’re honored to be a trusted partner of such an exciting brand.”
Evan Fisher, COO of Sparket, added: “Xpoint are the instinctive choice for Sparket as we continue to grow, offering a world-class technology platform, and a fresh approach to helping us meet our regulatory needs.
“There were several points about Xpoint that stood out for us while we were looking at the options available, in particular the trust we have that they will ensure our state-by-state regulatory obligations are met, and how they approach business with us.
“Xpoint see us as true partners, working together to unlock value from our investment in their cutting-edge geolocation technology. We’re happy they’re on board and look forward to a successful partnership to come.”
Last month, Xpoint entered into an investment partnership with Courtside Ventures, and they also partnered with the online casino brand PlayStar.