PrizePicks Partners with Xpoint for Advanced Geolocation Technology in DFS

24.01.2024

PrizePicks, the preeminent daily fantasy sports operator in North America, has announced a significant partnership with Xpoint, a leader in geolocation and compliance technology.

This collaboration introduces Xpoint’s sophisticated geolocation technology to the PrizePicks platform, signifying a major step forward in innovation and integrity within the daily fantasy sports (DFS) industry.

Implementing Xpoint’s Cutting-Edge Geolocation Solution

The integration of Xpoint’s technology within PrizePicks’ system is a strategic move to enhance compliance and regulatory adherence. Xpoint’s solution is tailored to meet the specific needs of PrizePicks, ensuring that all customer transactions comply with state and federal regulations. This move further solidifies PrizePicks’ dedication to maintaining the highest standards of integrity and legality in its offerings.

Adam Wexler, CEO and Co-founder of PrizePicks, expressed excitement about the partnership, emphasizing the importance of integrating Xpoint’s technology for the future of DFS. “The introduction of Xpoint is part of our ongoing efforts to ensure that we continue to meet and exceed the increasing demands within the DFS industry, while also pushing boundaries and innovating in the space,” said Wexler.

Xpoint’s CEO Acknowledges PrizePicks’ Due Diligence

Manu Gambhir, CEO of Xpoint, lauded PrizePicks for its dedication to compliance and thorough selection process in choosing a geolocation partner. “We look forward to working together to help them raise the bar in the DFS industry,” Gambhir stated, reflecting on the mutual commitment to excellence and innovation.

Xpoint is unique in its sole focus on the gaming industry, dedicated to delivering the most accurate and compliant geolocation solutions. This partnership with PrizePicks exemplifies Xpoint’s commitment to working alongside industry leaders to maintain the highest standards of regulatory compliance.

Our Comment on the Article

The partnership between PrizePicks and Xpoint represents a significant advancement in the DFS sector, merging state-of-the-art technology with a commitment to regulatory compliance. This collaboration not only enhances the security and integrity of PrizePicks’ operations but also sets a benchmark for innovation in the DFS industry.

As DFS continues to grow, such partnerships are crucial in shaping a responsible and forward-thinking gaming landscape. PrizePicks’ initiative to adopt Xpoint’s geolocation technology demonstrates a proactive approach to adapting to the evolving needs of the industry, ensuring a secure and compliant environment for DFS enthusiasts.