Xpoint Expands US Footprint with Maryland License and Crab Sports Partnership

This development, as reported by Gambling Insider, marks Xpoint’s strategic expansion into the Maryland online sports betting market.

Collaborative Efforts with Crab Sports

In its expansion journey, Xpoint has teamed up with Crab Sports, a Maryland-based sportsbook operator. This collaboration is poised to enhance Xpoint’s presence and operations within the state, leveraging Crab Sports’ local market expertise.

The Maryland Lottery and Gaming Control Commission granted Xpoint a sports wagering contractor license in 2023. This endorsement is crucial as it signifies Xpoint’s compliance with local regulations and broadens its operational scope across the US and Ontario.

Xpoint’s Verify Solution: Enhancing Compliance and Geolocation

Central to Xpoint’s offering in Maryland is its Verify solution. This technology is designed to rigorously comply with Maryland’s gaming regulations, particularly in confirming player locations within authorized betting jurisdictions. Xpoint’s Verify caters to various operating systems, including iOS, Android, MacOS, and Windows, providing Crab Sports with a comprehensive geolocation solution.

Manu Gambhir, CEO of Xpoint, commented on the Maryland market’s potential: “Maryland represents a compelling opportunity for sportsbook operators and it has proven to be an extremely lucrative yet competitive market. We are proud to have supported Crab Sports since their launch in Maryland last year and we are committed to ensuring that the Xpoint platform continues to reliably and efficiently handle all geolocation needs so that our operator partners can focus on what they do best – operating their sportsbook.”

This development with Crab Sports is in line with Xpoint’s previous collaborations. Notably, Xpoint partnered with PlayStar as the official geolocation partner, ensuring regulatory compliance for PlayStar’s online casino operations in New Jersey and Pennsylvania. Additionally, in March 2023, Gaming Innovation Group (GiG) also received licenses in Maryland and Pennsylvania, signaling a growing trend in the region’s online gaming landscape.

Our Comment on the Article

Xpoint’s successful acquisition of the Maryland license and its partnership with Crab Sports symbolize a strategic expansion in the competitive US sports betting market. By leveraging its innovative Verify solution, Xpoint is not only adhering to strict regulatory standards but also enhancing the overall betting experience through reliable geolocation services.

These moves demonstrate Xpoint’s commitment to maintaining high compliance standards while supporting its partners in achieving their operational goals. As the online sports betting industry continues to evolve, Xpoint’s proactive approach and strategic partnerships are poised to set new benchmarks in the industry, driving both growth and technological innovation.