GeoComply will assist Colorado sports betting market

  • Legal sports betting will launch in Colorado through mobile platforms on May 1.
  • GeoComply has just become licensed to do business with any internet or mobile sportsbook in the Centennial State to aid in its operations.

DENVER – Internet and mobile Colorado sports betting platforms just got a new partner in GeoComply. The company provides geolocation products for sportsbooks and was approved for their vendor minor license to offer their services in Colorado on Thursday by the Colorado Limited Gaming Control Commission (CLGCC).

Any licensed CO sportsbook will now be open to using GeoComply for its own sports betting applications.

GeoComply And Colorado Sportsbooks

Sports betting in Colorado became legal in late 2019 and operators are currently being licensed and finishing up with their sportsbook expansions to be able to launch their services to the public on May 1.

Mobile applications will now be able to use GeoComply for their sports betting businesses to ensure that their bettors are gambling where they should be which is within state lines. The tech company now does business in forty-four states across the nation with its products and services, having added Colorado to its list.

“We are pleased to be approved to service our clients and partners in such a sports-driven market as Colorado,” said Lindsay Slader, VP of Regulatory Affairs at GeoComply. “The GeoComply team is prepared and ready to support the rollout of online sports betting as quickly as the state is able to launch its live operations.”

GeoComply is one of the top companies in the iGaming industry, working in all areas of gaming from casinos to lotteries and sportsbooks as well as other gambling platforms. Colorado is the latest state to take them on as a provider for their new sports betting market.

Sports Betting In Colorado

The legal sports betting industry in Colorado is slated to launch on May 1, despite the lack of sporting events due to the Coronavirus pandemic. Although there will not be any professional or collegiate sports matchups to wager on until at least August, the Centennial State is moving forward with its original launch date.

Many believe that this is a weird time to open up sportsbooks when sports is not currently happening in the world right now.

However, only internet and mobile sports betting will be taking place because of the mandatory nationwide casino shutdowns. This means that GeoComply’s technologies will be put to work pretty quickly.

FanDuel and DraftKings are two of the top mobile sportsbooks that Colorado has in their pocket for sports bettors in the state to use beginning next month.

Esports is legal under the sports betting law which means there could be plenty of esports bets being placed after the initial launch. Sportsbooks are hopeful that all events and bets will resume prior to the NFL season. Until then, Coloradans will have esports and other creative wagers listed by sports betting applications to gamble on.

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