OpenBet selects Vixio as regulatory compliance partner

(PRESS RELEASE) -- Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global gambling and payments industries, announced that OpenBet, a leading content, platform and service provider to the sports betting industry, has chosen to continue its partnership with Vixio.

OpenBet made the decision to renew its partnership with Vixio 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’s industry leading platform to conduct research on new opportunities in established and emerging global markets, instantly compare policy and regulatory requirements in U.S. states and international jurisdictions, as well as support the company’s policy engagement and advocacy efforts.

Vixio provides OpenBet with essential market intelligence on the past, present, and future state of regulation.

- Past – Due diligence. Vixio’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 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.

Jessica Feil, Vice President of Regulatory Affairs and Compliance, OpenBet, said: “Vixio offers us a solution that we use daily across our organisation. 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”

Mike Woolfrey, Chief Executive Officer, Vixio said “We are delighted that OpenBet’s has selected us again as their preferred regulatory compliance partner and that we can continue to support their ongoing growth as regulated sports betting continues to expand outside Europe and into North and Latin America, and beyond.”

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.