U.S. Integrity has announced that it will be merging with Odds On Compliance to create a new company focused on becoming the “first global compliance and integrity solution”.
The new entity will aim to “provide a one-stop shop of cutting-edge regulatory technology solutions and compliance expertise”, leveraging the expertise of Odds On Compliance in compliance solutions and consultancy, as well as U.S. Integrity’s sports wagering monitoring capabilities.
Matt Holt, CEO of U.S. Integrity, commented: “We are thrilled to unite the strengths of U.S. Integrity and Odds On Compliance to create a firm that is poised to redefine the standards of excellence in the sports betting and gambling compliance industry.” Holt is also set to become the CEO of the new company.
Both entities recently collaborated on launching a joint venture called ProhiBet, which is a tool used to flag down individuals such as athletes and coaches who are betting on games they shouldn’t be.
Multiple big names in the sports and betting industries have already signed up to use ProhiBet, including BIG12, the UFC and Hard Rock Digital.
The latest merger announcement will build upon the platform, offering clients a wider geographical coverage and a greater commitment to tailored solutions.
Eric Frank, CEO of Odds On Compliance, and new President of the combined company, explained: “This merger is a testament to our joint commitment to helping the industry navigate the complexities of this rapidly growing and highly regulated sector.
“This fusion of strengths will enable us to offer a comprehensive suite of compliance and integrity technology products and services.”
The deal is expected to close later this month, while still being subject to shareholder and regulatory approval.