Odds On Compliance and US Integrity have agreed a merger transaction to create a single company that will be the “first global compliance and integrity solution”.
The deal sees Odds On Compliance – a firm that provides compliance solutions and consultancy – and US Integrity, which offers sports wagering monitoring solutions, join forces to create a single entity that aims to “provide a one-stop shop of cutting-edge regulatory technology solutions and compliance expertise”.
“We are thrilled to unite the strengths of US Integrity and Odds On Compliance to create a firm that is poised to redefine the standards of excellence in the sports betting and gambling compliance industry,” said Matt Holt, CEO of US Integrity, who is set to be appointed as CEO of the combined company.
US Integrity and Odds On Compliance first joined forces to launch a joint venture titled ProhiBet last month, which aims to prevent prohibited personnel such as athletes and coaches from placing bets on games they shouldn’t be betting on.
ProhiBet has already signed up clients such as BIG12, UFC, and Hard Rock Digital to its platform.
The relationship has now extended to a merger, in which the combined company will offer clients wider geographical coverage, and a greater commitment to tailored solutions.
The merger is expected to close later this month but is subject to shareholder and regulatory approval, as well as certain customary closing conditions.
Eric Frank, CEO of Odds On Compliance, who will be President of the combined company, explained: “This merger is a testament to our joint commitment to helping the industry navigate the complexities of this rapidly growing and highly regulated sector.
“This fusion of strengths will enable us to offer a comprehensive suite of compliance and integrity technology products and services.”