OpenBet has acquired Neccton, a developer of anti-money laundering, fraud detection and responsible gaming technology.
Jordan Levin, OpenBet CEO, said: “Since the birth of online sports betting, OpenBet has been at the forefront of creating compelling and safe entertainment experiences built on solid technology foundations.
“We thrive on solving the most complex challenges our industry presents, and OpenBet’s acquisition of Neccton takes our commitment to player protection and AML to the next level."
With a portfolio of customers including the likes of DraftKings, FanDuel, Entain and Sky Bet, Neccton is an established company in over 30 countries worldwide.
Levin continued: “Every CEO and regulator knows that player protection and AML capabilities need game-changing services like Neccton to deliver breakthrough ethical and fiscal solutions for our rapidly expanding industry.
“In 2022 alone, the industry saw record fines of more than $250m for responsible gaming, AML and compliance failures.
“Michael, Andreas and the Neccton team are working at the intersection of data science, and cloud-based artificial intelligence to research and solve this global challenge.”
By using artificial intelligence, Neccton analyses player behaviour in real-time, with adjustable thresholds for detectable markers.
Michael Auer, Managing Director of Neccton, said: “We have always held the belief that many of the world’s biggest problems can be solved through a potent combination of scientific research and advanced software.
“It’s an existential imperative for our industry. Our vision is to have Neccton technology deployed by the industry’s leading brands and shaping regulatory standards.
“With its 25-year track record, high compliance standards, and position as a leading partner for World Lottery Association members, there is no better partner than OpenBet to help us achieve that.”
