Geocomply has filed a legal action to protect its US patent 9413805B2, which is for its geolocation technology. This technology is crucial to the company’s business, as it provides location services for various gaming operators and providers, such as DraftKings, FanDuel, 888, Caesars, and Sightline payments. By using this geolocation technology, operators can ensure compliance with the correct regulations based on the player’s location.
The company’s CEO, Anna Sainsbury, returned to Geocomply in January 2022 after being away for more than three years. Geocomply emphasizes the need to safeguard its proprietary technology and expects respectful treatment of its valuable intellectual property. The company is confident in the merits of its case against Xpoint, a competitor in the geolocation service business that disputes Geocomply’s allegations.
Xpoint, founded in 2019, recently attracted investment from venture capital firm Bettor Capital. The company’s CEO, Marvin Sanderson, expressed excitement for the full launch of their geolocation platform in 2022 and the upcoming partner announcements. Xpoint aims to bring innovative thinking and partner-focused solutions to a marketplace that is ready for transformation. Until the legal action concludes, Xpoint has decided not to make further statements.
