GeoComply deploys new platform in New Jersey with Prophet Exchange

The New Jersey Division of Gaming Enforcement has approved GeoComply’s Core for Authentication product.

US.- The geolocation data firm GeoComply has announced that the New Jersey Division of Gaming Enforcement (NJDGE) has approved its Core for Authentication (CfA) product.

The product aims to streamline registration requirements for players and reduce malicious account creation. The compliance solution will launch on the Prophet Exchange platform, a peer-to-peer sports betting exchange. The CfA is part of the Know Your Customer (KYC) process and serves as an alternative for Knowledge-Based Authentication (KBA).

Jake Benzaquen, Prophet Exchange co-founder, said: “In the competitive world of sports wagering, ensuring a seamless experience for legitimate users while keeping fraudsters out is paramount. GeoComply’s new product offers precisely that – a blend of ideal player UX and security. We’re thrilled to integrate this solution into our platform.”

Lindsay Slader, GeoComply SVP of compliance, added: “This approval underscores our dedication to creating solutions that meet the highest compliance and security standards. With the introduction of this product, we aim to expand our customers’ player acquisition funnel, while simultaneously ensuring the integrity of the online gaming ecosystem.

“We appreciate the NJDGE’s commitment to innovation that fosters a secure and player-friendly online gambling environment for the state’s residents.”

GeoComply has acquired the compliance and licensing management company OneComply in what is the first major acquisition for the company.