LexisNexis Risk Solutions Aligns with Radar to Deliver Gaming and Gambling Regulatory Compliance
LexisNexis Risk Solutions has announced a strategic alliance with Radar, a leader in geofencing technology, to develop compliance solutions for the gaming and gambling industry. This collaboration aims to ensure that devices used for online gambling in the United States comply with state regulations. The alliance comes as the sector experiences record-breaking revenue of over $66 billion annually, a 10.3% year-over-year increase.
The partnership will integrate Radar's geofencing capabilities with LexisNexis Risk Solutions' data and technology to create tools that verify devices are within appropriate legal jurisdictions. This solution addresses the complex regulatory landscape, with 38 US states plus DC having legalized mobile gambling. The collaboration will enable operators to manage the entire customer lifecycle, including KYC, fraud prevention, and compliance, in a seamless manner.
LexisNexis Risk Solutions ha annunciato un alleanza strategica con Radar, leader nella tecnologia di geofencing, per sviluppare soluzioni di conformità per l'industria del gioco e delle scommesse. Questa collaborazione mira a garantire che i dispositivi utilizzati per il gioco online negli Stati Uniti rispettino le normative statali. L'alleanza si presenta in un momento in cui il settore sta vivendo entrate record di oltre 66 miliardi di dollari all'anno, con un incremento del 10,3% rispetto all'anno precedente.
La partnership integrerà le capacità di geofencing di Radar con i dati e la tecnologia di LexisNexis Risk Solutions per creare strumenti che verificano se i dispositivi si trovano all'interno delle giurisdizioni legali appropriate. Questa soluzione affronta il complesso panorama normativo, con 38 stati americani più DC che hanno legalizzato il gioco mobile. La collaborazione consentirà agli operatori di gestire l'intero ciclo di vita del cliente, compresi KYC, prevenzione delle frodi e conformità, in modo fluido.
LexisNexis Risk Solutions ha anunciado una alianza estratégica con Radar, un líder en tecnología de geofencing, para desarrollar soluciones de cumplimiento para la industria del juego y las apuestas. Esta colaboración tiene como objetivo garantizar que los dispositivos utilizados para el juego en línea en los Estados Unidos cumplan con las regulaciones estatales. La alianza surge en un momento en el que el sector experimenta ingresos récord de más de 66 mil millones de dólares anuales, un aumento del 10,3% en comparación con el año anterior.
La asociación integrará las capacidades de geofencing de Radar con los datos y la tecnología de LexisNexis Risk Solutions para crear herramientas que verifiquen que los dispositivos estén dentro de las jurisdicciones legales adecuadas. Esta solución aborda el complejo panorama regulatorio, con 38 estados de EE. UU. más DC que han legalizado el juego móvil. La colaboración permitirá a los operadores gestionar todo el ciclo de vida del cliente, incluyendo KYC, prevención de fraudes y cumplimiento, de manera fluida.
LexisNexis Risk Solutions는 지오펜싱 기술의 선두주자인 Radar와 게임 및 도박 산업을 위한 규정 준수 솔루션을 개발하기 위한 전략적 제휴를 발표했습니다. 이번 협력은 미국의 온라인 도박 디바이스가 주 규정을 준수하도록 보장하는 것을 목표로 하고 있습니다. 이 제휴는 연간 660억 달러 이상의 기록적인 수익을 올린 시점에 이루어지며, 이는 전년 대비 10.3% 증가한 수치입니다.
이번 파트너십은 Radar의 지오펜싱 기능과 LexisNexis Risk Solutions의 데이터 및 기술을 통합하여 디바이스가 적합한 법적 관할권 내에 있는지를 검증하는 도구를 제작할 것입니다. 이 솔루션은 DC를 포함한 38개 미국 주에서 모바일 도박이 합법화된 복잡한 규제 환경에 대한 해결책을 제공합니다. 이 협력은 운영자가 KYC, 사기 방지 및 규정 준수를 포함한 전체 고객 생애 주기를 원활하게 관리할 수 있도록 할 것입니다.
LexisNexis Risk Solutions a annoncé une alliance stratégique avec Radar, un leader dans la technologie de géorepérage, pour développer des solutions de conformité pour l'industrie des jeux et des paris. Cette collaboration vise à garantir que les dispositifs utilisés pour les jeux d'argent en ligne aux États-Unis respectent les réglementations des États. L'alliance intervient à un moment où le secteur connaît des revenus record de plus de 66 milliards de dollars par an, soit une augmentation de 10,3 % par rapport à l'année précédente.
Le partenariat intégrera les capacités de géorepérage de Radar avec les données et la technologie de LexisNexis Risk Solutions pour créer des outils qui vérifient que les dispositifs sont dans les juridictions légales appropriées. Cette solution aborde le paysage réglementaire complexe, avec 38 États américains plus DC ayant légalisé les jeux d'argent mobiles. La collaboration permettra aux opérateurs de gérer l'ensemble du cycle de vie client, y compris la vérification d'identité (KYC), la prévention de la fraude et la conformité, de manière fluide.
LexisNexis Risk Solutions hat eine strategische Allianz mit Radar, einem führenden Unternehmen im Bereich Geofencing-Technologie, bekannt gegeben, um Compliance-Lösungen für die Spiel- und Glücksspielindustrie zu entwickeln. Diese Zusammenarbeit zielt darauf ab, sicherzustellen, dass die in den Vereinigten Staaten verwendeten Geräte für Online-Glücksspiele die staatlichen Vorschriften einhalten. Die Allianz entsteht zu einem Zeitpunkt, an dem der Sektor Rekordumsätze von über 66 Milliarden Dollar jährlich verzeichnet, ein Anstieg von 10,3 % im Vergleich zum Vorjahr.
Die Partnerschaft wird die Geofencing-Funktionen von Radar mit den Daten und der Technologie von LexisNexis Risk Solutions integrieren, um Werkzeuge zu schaffen, die überprüfen, ob die Geräte in den entsprechenden gesetzlichen Gerichtsbarkeiten liegen. Diese Lösung adressiert die komplexe regulatorische Landschaft, da 38 US-Bundesstaaten plus DC mobiles Glücksspiel legalisiert haben. Die Zusammenarbeit ermöglicht es den Betreibern, den gesamten Kundenlebenszyklus, einschließlich KYC, Betrugsprävention und Compliance, nahtlos zu verwalten.
- Strategic alliance with Radar to develop compliance solutions for the gaming and gambling industry
- Addressing a growing market with record-breaking revenue of over $66 billion annually
- Expansion into 38 US states plus DC that have legalized mobile gambling
- Integration of geofencing capabilities with advanced data and technology for comprehensive compliance solutions
- None.
Insights
This alliance between LexisNexis Risk Solutions and Radar is a strategic move in the rapidly growing gaming and gambling sector. With the industry's
From an investor's perspective, this collaboration could lead to increased market share and revenue streams for LexisNexis Risk Solutions. The comprehensive suite of products covering the entire customer lifecycle positions the company as a one-stop solution provider in a complex regulatory environment, potentially leading to higher client retention and expanded service offerings.
The LexisNexis-Radar alliance is a timely response to the complex and evolving regulatory landscape in the US gaming industry. With 38 states plus D.C. legalizing mobile gambling and each having unique rules, this partnership offers a critical compliance solution. The geofencing technology, combined with KYC and fraud prevention tools, addresses key legal challenges such as jurisdiction verification and prevention of law circumvention.
This proactive approach could potentially reduce legal risks and compliance costs for gaming operators. It may also strengthen the industry's reputation by demonstrating commitment to regulatory adherence, possibly influencing future legislation favorably. However, the effectiveness of this solution in navigating the intricate web of state-specific regulations remains to be seen.
The integration of Radar's geofencing technology with LexisNexis' data and risk solutions represents a significant technological advancement for the gaming industry. This alliance combines location-based precision with robust data analytics, creating a powerful tool for regulatory compliance. The ability to ensure devices are within appropriate legal jurisdictions, whether state boundaries or specific venues, addresses a critical technical challenge in the industry.
From a tech perspective, this solution could potentially reduce false positives in geo-compliance, enhance user experience and improve operational efficiency for gaming operators. However, the success of this technology will depend on its accuracy, scalability and ability to adapt to rapidly changing regulations across different states. Investors should monitor the solution's performance and adoption rate in the coming months.
Companies will develop a suite of products and tools designed to ensure that devices are within the appropriate legal jurisdictions.
This alliance emerges at a pivotal time for the gaming and gambling sector, which is experiencing record-breaking revenue of more than
Currently, 38 US states plus the
LexisNexis Risk Solutions and Radar are collaborating to develop a suite of products and tools designed to help ensure that devices are within the appropriate legal jurisdictions, whether that be state boundaries, sports arenas, tribal lands, casino floors or other venues. Combined with capabilities in know your customer (KYC), one-time passcodes, fraud prevention, compliance and payments from LexisNexis Risk Solutions, this alliance will enable operators to manage the entire customer lifecycle seamlessly with singular alignment.
"LexisNexis Risk Solutions provides the tools gaming and gambling operators need today to mitigate fraud, identify risk and help ensure compliance. By aligning with Radar, we can offer those protections throughout the entire customer lifecycle," said Sean Britt, senior director, LexisNexis Risk Solutions. "The collaboration is timely, as the industry navigates a period of rapid expansion and increased regulations. It represents a proactive approach to addressing the challenges of regulatory compliance in the rapidly evolving landscape of online gaming and gambling."
"Radar's extensive expertise in location-based products, coupled with our proprietary algorithms and robust reporting, aligns perfectly with the risk mitigation knowledge and solutions from LexisNexis Risk Solutions," said Nick Patrick, co-founder and CEO, Radar. "We are excited to provide our tools and services to gaming and gambling operators, simplifying their compliance processes."
Click here to learn more about how LexisNexis Risk Solutions serves the gaming industry.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro
About Radar
Radar is the all-in-one location platform. Companies like Sleeper, DICK'S Sporting Goods, Panera, T-Mobile, and Zillow use Radar's geofencing SDKs and maps APIs to power location-based experiences across hundreds of millions of devices worldwide. To learn more about Radar's offerings, visit radar.com.
Media Contacts:
LexisNexis Risk Solutions:
Marcy Theobald
678.860.3639
Marcy.theobald@lexisnexisrisk.com
Radar:
Phil Sidoti
518-334-0442
philip.sidoti@radar.com
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SOURCE RADAR
FAQ
What is the purpose of the LexisNexis Risk Solutions and Radar alliance for the gaming industry?
How much annual revenue is the US gaming and gambling sector generating according to the PR?
How many US states have legalized mobile gambling as mentioned in the LexisNexis Risk Solutions press release?
What specific capabilities will the LexisNexis Risk Solutions and Radar alliance offer to gaming operators?
