Statement from John Pappas, SVP of Government & Public Affairs
“Today, Kentucky Governor Andy Beshear signed landmark legislation that brings regulated sports betting to Kentucky. The law ushers in a new era of consumer protection and new revenues for the Commonwealth to invest in infrastructure, schools, and local communities.
A central theme throughout this year’s legislative process was lawmakers relying on data to make a case for legalization. GeoComply’s data and maps were critical in explaining the demand for legal betting in Kentucky and the breadth of the opportunity to protect consumers and raise new revenues.
After Ohio launched on January 1, the data was impossible to ignore. In the first month alone, we processed more than 1 million geolocation checks and identified nearly 60,000 player accounts in Kentucky accessing legal sports betting apps licensed in Ohio. Of course, our technology prevented those individuals in Kentucky from placing a bet.
These numbers continued to soar, and our government affairs team continually shared updated figures with Kentucky lawmakers around the Super Bowl and other key moments. GeoComply data was cited repeatedly at public House and Senate hearings, and in private meetings throughout the Frankfort capital buildings.
Our time-lapse map showing legal bets in Ohio and blocks in Kentucky during March Madness was a powerful image that told a clear story that people in Kentucky want to be able to place a sports bet legally.
This week, as the legislature entered the final days of the session, we shared more eye-opening data for the month of March with Kentucky Senators that helped to explain demand and lost opportunity to neighboring states.
I am so pleased that we could play a role in educating lawmakers with hard data that helped inform the sports betting debate. Special thanks to Representative Michael Meredith and Senate Majority Leader Damon Thayer for their leadership.
GeoComply is excited to work with our sports betting partners and bring our best-in-class geolocation, identity verification, and fraud prevention technologies to the Bluegrass State.”
About GeoComply Solutions Inc.
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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