Post-PASPA Kambi navigates the changing regulatory landscape
Last year, Kambi, together with its partner DraftKings, secured the first transactional waiver which enabled the operator to accept the “first legal online bet in a post-PASPA world”.
Fast-forward six months, and Kambi Chief Legal Officer Chris Fox has shared his thoughts (see video above) on an “exciting time” in which the company has strengthened its processes and technology to achieve compliance, particularly across the US where the opening of the online market – started by that DraftKings bet – has resulted in a “ripple effect” in other territories.
On the eve of ICE London, Fox stressed that the US, despite its obvious strategic importance, is “not the full picture” for Kambi in terms of regulatory developments, adding that “South America is now quite active” and there has been some movement in the African market, while Kambi has supported operators in Sweden from 1 January 2019 to mark the country’s re-regulation.
Fox admitted that he is proud to have presided over a significant growth period for Kambi, building a team to provide “better support internally, as well as for our operators”. In just 18 months, his team has grown five-fold through the addition of lawyers and legal professionals.
He also described the landmark waiver, which followed a thorough vetting process by the New Jersey Division of Gaming Enforcement (DGE), as a “bilateral document that we achieved together”, showing that Kambi is keen to become a ‘partner’ to its key operators, and not just a supplier in the traditional sense.
Source: SBC News