A new contract with sports entertainment corporation FansUnite Entertainment Inc has been negotiated by enforcement and licensing specialist OneComply Inc, under which conditions it will support FansUnite when it reaches additional legalised gaming jurisdictions in North America.
Protocol and strategy advice
The step, which sees OneComply provide protocol and strategy advice, follows FansUnite’s announcement of the merger with Askott Entertainment Inc to create one of the leading online gaming companies in Canada, focusing on sports betting, esports wagering, and casino games.
Showcasing suite to broader audience
FansUnite’s CEO, Scott Burton, commented: “We are pleased to be partnering with OneComply as we look to tackle the North American gaming market. As a licensed betting and igaming company, we understand how difficult and nuanced the licensing process can be. With the help of OneComply, we will be able to streamline the process to enter new North American markets and showcase our suite of gaming solutions to a broader audience.”
Repeal of PASPA
A surge of newly controlled states across the US gaming industry has been generated by the repeal of PASPA. In order to acquire operating licenses, businesses trying to gain market access in these states face critical regulatory processes.
The legalised gaming industry in the United States is state-regulated, meaning companies need to separately apply for each jurisdiction. Such individual disclosure filings can be thousands of pages in size, contributing to major internal and external costs.
North American entry
Cameron Conn, OneComply Inc’s CEO, clarified: “The amount of opportunity in North America for new-to-market companies can be overwhelming given the various licensing processes and jurisdictional requirements, with companies no longer trying to enter one jurisdiction, but multiple jurisdictions simultaneously.
“This creates a tremendous amount of lag in productivity even with the most seasoned of compliance and legal teams. We understand the importance FansUnite places on regulation, and we look forward to supporting their scale in the North American market.”