May 23, 2023 (Vancouver, BC) — Fantasy sports and online sports gaming operator Underdog has chosen 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.
GeoComply VP, Business Development & Licensing, Sam Basile, commented, “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.”
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.
Underdog Senior Director of Operations Matt Garrigan commented, “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.”
GeoComply Core is the most reliable, robust, and accurate geolocation, device, and usertechnology available in the gaming market today. Over 80 percent of users go through ageolocation check within three seconds. It delivers geolocation pass rates of upto 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.
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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