As Ohio inches closer to the launch of online sports betting, the Ohio Casino Control Commission awarded a conditional geolocation and KYC license to GeoComply. The company is the first geolocation and ID verification services compliance supplier to be awarded the license.
“We are delighted to get our license approved early in the process,” GeoComply’s Senior Vice President of Compliance Lindsay Slader said. “Compliance deadlines are coming quickly and we are in the strongest position to ensure our customers meet the requirements and submit complete and final geolocation procedures.”
Slader also said the OCCC has made it known to potential online sports betting operators that they must get plans submitted and approved before Nov. 2.
So far there have been four supplier licenses and 10 operator licenses awarded by the Commission. Any company looking to provide KYC services in the state must have a supplier license.
GeoComply’s license covers its IDComply product which is the only identity and age verification service licensed in the state as of right now.
According to their website, GeoComply provides fraud prevention and cybersecurity solutions to detect location fraud and verify true digital identities. The company was founded in 2011.
The company provides its services for gaming companies, media and entertainment, and financial services.
GeoComply says that its software is on more than 400 million devices around the world and is headquartered in Canada, though it does have U.S. locations in Las Vegas and New York. GeoComply also has locations in the United Kingdom, Poland, and Vietnam.
Some of the sportsbooks GeoComply has partnered with are Caesars, FanDuel, DraftKings, and BetMGM.
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How Geolocation Services Work
Geolocation will allow Ohio to be able to determine a bettor’s physical location. Geolocation uses positioning systems like GPS or IP addresses and is able to locate a user’s mobile or desktop devices. In Ohio, sports bettors will need to be in the state to place bets so this software will allow the OCCC to make sure that is happening.
GeoComply will also look to cut back on location tampering so that bettors can’t manipulate their locations.
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Ohio Sports Betting Update
Mobile sports betting is set to launch in Ohio at midnight on Jan.1, 2023. DraftKings, FanDuel, and Betfred are all confirmed to be coming to Ohio and it’s likely that DraftKings and FanDuel will launch on Jan, 1.
Ohio sports betting rules will allow bettors to place parlay, prop, and future bets. In September the OCCC approved 12 platforms for sports betting licenses, which include BetMGM, BetRivers, Caesars, FanDuel, Fanatics, and Barstool.
Also in September, the OCCC granted conditional approval for Type A and B sports betting licenses to eight companies. Included in those eight license approvals were the Cleveland Browns, Cincinnati Reds, and Columbus Crew.
The other five companies were:
- JACK Cleveland Casino
- JACK Thistledown Racino
- Hollywood Gaming at Mahoning Valley
- Hollywood Casino Toledo
- Muirfield Village Golf Club
FC Cincinnati and the Cincinnati Bengals did not have a representative at the meeting so their license approval was delayed.
Many Type C licenses were also granted to bars and restaurants that will have betting kiosks.