Maryland awards GeoComply geolocation and KYC license

GeoComply receives Tier One Contractor license for its GeoComply Core and IDComply products from the Maryland State Lottery and Gaming Control Agency

The Maryland State Lottery and Gaming Control Agency has awarded GeoComply with a Tier One Contractor license for its geolocation and ID verification services.

The license will allow GeoComply to supply its leading geolocation, ID verification, and fraud detection and prevention services to regulated operators in Maryland when the state launches its regulated sports betting market later this quarter.

GeoComply’s SVP of Compliance Lindsay Slader said: “We are very excited about the launch of Maryland’s highly anticipated mobile sports betting market. Our team has worked hard to meet Maryland’s rigorous standards. Having our license in hand means that our customers can launch with confidence on day one. We look forward to supporting the compliance needs of operators and providing state regulators with tools and data so they can properly oversee the growth of mobile sports betting in Maryland.”

GeoComply’s new license follows the award of a conditional license by the Ohio Casino Control Commission just one month ago. Maryland is expecting to launch its regulated market before the end of the year, with Ohio set to follow in January.

Companies providing KYC services in both states are required to obtain a supplier license. As such, GeoComply’s Maryland Tier One Contractor license covers its IDComply product and market-leading geolocation services.

IDComply streamlines existing KYC and AML processes, through an all-in-one solution. It allows operators to get the highest possible age and identity verification rates through a waterfall workflow. The process checks multiple vendors and data sources – all through one API call.