The filing concerns Geocomply’s US patent 9413805B2, filed by the business’s co-founder and CEO Anna Sainsbury. Sainsbury returned to the company in January 2022, following more than three-year absence.
The patent is for Geocomply’s geolocation technology, on which much of the supplier’s business is based. The business provides location services for a number of gaming operators and providers, including DraftKings, FanDuel, 888, Caesars and Sightline payments. With this information about player locations, operators can apply the correct regulations for the jurisdiction in which a player is located.
Xpoint, also a geolocation service business and therefore a competitor of Geocomply, was founded in 2019 and launched its product last year.
Xpoint has stated in a press release that it believes the allegations are “meritless”.
In January, Xpoint received investment from venture capital firm, Bettor Capital. At the time, Xpoint co-founder and chief executive Marvin Sanderson said: “I am delighted to welcome Bettor Capital to the Xpoint team and want to thank them for sharing our vision. I am thrilled that Bettor Capital has seized the opportunity to invest in us at such an exciting time in our development.”
“2022 is going to be an incredible year for Xpoint as we look ahead to the full launch of our geolocation platform, and a raft of partner announcements, starting early in Q1. Bettor Capital’s investment will serve to accelerate our growth as we aim to transform a marketplace that we know is ready for innovative thinking and partner-focused solutions.”
Xpoint said it will not be making any further statements until the legal action is concluded.