OpenBet Selects Vixio Regulatory Intelligence as Regulatory Compliance Partner
Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global gambling and payments industries, announced today that OpenBet, a leading content, platform and service provider to the sports betting industry, has chosen to continue its partnership with Vixio Regulatory Intelligence.
OpenBet made the decision to renew its partnership with Vixio Regulatory Intelligence in order to ensure regulatory compliance and to engage with regulators as collaborative partners while embarking on a new chapter of ambitious growth in both North American and international markets.
OpenBet’s compliance and business development executives will continue using Vixio Regulatory Intelligence’s industry-leading platform to conduct research on new opportunities in established and emerging global markets, instantly compare policy and regulatory requirements in United States states and international jurisdictions as well as support the company’s policy engagement and advocacy efforts.
Vixio Regulatory Intelligence provides OpenBet with essential market intelligence on the past, present and future state of regulation.
- Past – Due Diligence. Vixio Regulatory Intelligence’s archive of intelligence reports and regulatory alerts on global gambling markets accumulated over more than 16 years enables OpenBet to assess regulatory risk and understand the priorities of regulatory authorities in jurisdictions across the globe. Access to variable market data also allows business development executives to validate market-sizing assumptions and prioritise commercial opportunities.
- Present – Jurisdictional Reports. Curated by in-house legal analysts, country and state-specific regulatory reports enable compliance executives to take a deep dive into how different forms of gambling are regulated in more than 180 jurisdictions worldwide. These allow OpenBet to comprehend the regulatory structures of sports betting markets across the globe. Additionally, the unique Report Builder tool enables for immediate comparison of specific regulatory requirements across any combination of markets.
- Future – Daily Insights and Intelligence. Daily analysis conducted by Vixio Regulatory Intelligence of the latest regulatory trends and legislative developments allows OpenBet to prepare for future policy changes or the opening of new markets including by assessing how global regulators are responding to industry challenges.
Vixio Regulatory Intelligence offers us a solution that we use daily across our organisation,” the Regulatory Affairs and Compliance Vice-President for OpenBet, Jessica Feil, said. “It gives us the ability to open up a dialogue with the regulators with supporting data to ensure that we act as good partners without compromising our growth ambitions or commercial success.”
“We are delighted that OpenBet’s has selected us again as its preferred regulatory compliance partner and that we can continue to support its ongoing growth as regulated sports betting continues to expand outside Europe and into North and Latin America and beyond,” the Chief Executive Officer for Vixio Regulatory Intelligence, Mike Woolfrey, said.
Acquired by Endeavor in 2022, OpenBet has licenses in 44 jurisdictions globally. The company’s commitment to compliance requires it to respond quickly to upcoming regulatory changes, verify the suitability of its global clients and implement global best practices around responsible gaming, sports integrity and data security.
