The Commission has given out 10 operator licences and four supplier licences, as the 1 January 2023 launch of sports betting in Ohio draws closer.
For businesses offering KYC licences, there is a mandatory requirement to obtain a supplier licence, which GeoComply’s conditional supplier licence now covers.
GeoComply’s SVP of Compliance Lindsay Slader said of the licence grant: “We are delighted to get our licence approved early in the process. 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 by November 2nd.”
Any operators wishing to be granted licences in Ohio have to have them submitted by 2 November; otherwise they face not being eligible for the 1 January launch.
The news comes after GeoComply revealed it had undertaken a study, which revealed that geolocation volumes in and around NFL stadiums are natural meeting points for US sports fans who want to wager.
GeoComply CEO Anna Sainsbury commented on the research, saying: “Seeing data from many of these games that shows more than 10% of NFL fans in stadiums are engaging with licensed sportsbooks is a clear win for states that choose to regulate sports betting.
“This wealth of data is so important for lawmakers and sports leagues to determine sports betting policies in their states and at their stadiums.”
