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GeoComply Inks Deal with Unicorn Sports Gaming Company Underdog to Become Their 'Exclusive Geolocation Provider' Across North America
Wednesday, May 31, 2023Company Profile | Careers | Follow Company
Vancouver, BC, May 31, 2023--(T-Net)--Fantasy sports and online sports gaming operator Underdog has chosen Vancouver-based fraud and risk solutions provider GeoComply as its geolocation provider for North America.
Underdog will utilize a combination of GeoComply's Core suite and its Solus product for Underdog's fantasy sports operations and future sports betting products.
"We are thrilled to be working with Underdog. With its customer focus and commitment to product innovation and compliance, it has quickly become one of the market leaders in the daily fantasy sports market." said GeoComply VP, Business Development & Licensing, Sam Basile.
Underdog Fantasy is one of the fastest-growing sports gaming companies ever, with a valuation of $485m after Series B round fundraising last year. Underdog has finalized market access agreements in several legalized online sports betting states and is positioned to expand into sports betting in the near future.
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"We are proud to work with partners like GeoComply to meet our commitments to our customers and regulators. This partnership is a key component of ensuring that our customers benefit from a safe, compliant, and frictionless experience." commented Underdog Senior Director of Operations Matt Garrigan.
GeoComply Core is one of the most reliable, robust, and accurate geolocation, device, and user technologies available in the gaming market today, according to the company.
Over 80 percent of users go through a geolocation check within three seconds. It delivers geolocation pass rates of up to 98 percent, with an IP spoofing detection rate of 99.6 percent. In addition, all Core customers can access GeoComply's fraud prevention tools to protect against bonus abuse, identity theft, chargeback fraud and more.
GeoComply's Solus solution removes friction for web-based daily fantasy players. This solution runs seamlessly on HTML5 browsers so users do not have to download any additional apps or plug-ins in order geolocate themselves.
About GeoComply
GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user's true digital identity. Trusted by leading brands and regulators for the past 10 years, the company's geolocation solutions are installed on over 400 million devices and analyze over a billion transactions every month.
Our award-winning products are based on the technologies developed for the highly regulated and complex US online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries, building an impressive list of customers, including Akamai, Amazon Prime Video, BBC, BetMGM, DraftKings, FanDuel, and Sightline.
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