Xpoint raises funding to support product development and market expansion

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2025/06/12: High Roller Technologies announces partnership with Xpoint 2025/11/11: Shaan Devaraj joins Xpoint as Chief Technology Officer 2025/10/14: Xpoint names Chris Boni as Chief of Staff 2025/10/29: New Zealand raises tax in online gambling bill to enable funding of community groups

The Backstory

Behind the new money

Xpoint’s latest capital raise follows a year of deliberate groundwork that tightened its product roadmap and sharpened its pitch to operators. The geolocation and compliance firm has been pushing to differentiate on fraud detection and location spoofing at a moment when state-by-state rules and platform fragmentation make precision costly, but necessary. Leadership moves suggest the push was coordinated. In November, the company named veteran technologist Shaan Devaraj as chief technology officer, bringing decades of experience in geolocation, cybersecurity and cloud architecture. His mandate: speed delivery of new capabilities and reinforce reliability at scale. The appointment, detailed in coverage of Devaraj’s arrival as CTO, aligned with Xpoint’s emphasis on high-accuracy verification and real-time fraud prevention.

Early this year, Xpoint added operating muscle with a chief of staff. The company said Chris Boni will drive organizational alignment, oversee key initiatives and partner with the executive team on execution. His background spans product leadership roles at global gaming suppliers. The move, outlined in Xpoint’s appointment of Chris Boni as chief of staff, followed the hiring of a new chief financial officer and signaled a focus on scaling processes as the company takes on more deployments. Together, those steps set the stage for the funding round and the near-term product rollout Xpoint is promising.

Why operators care now

The commercial case for geolocation and compliance technology has shifted from box-checking to competitive edge. Platforms need to convert legitimate users faster, block bad actors earlier and pass regulator audits without adding friction that drives churn. That is especially true in markets like Ontario, where strict standards and active enforcement raise the cost of mistakes. Xpoint is betting it can turn that burden into a selling point.

A recent deal in Canada offers a view of how the company aims to win share. Online casino operator High Roller Technologies selected Xpoint’s software as it seeks an Ontario license, integrating geolocation and anti-fraud tools within Playtech’s platform. The partnership, described in High Roller Technologies’ plan to use Xpoint in Ontario, underscores two strategic choices: embed with established platform providers to reduce integration pain and sell the compliance stack as a way to accelerate launches. For operators, the value is not only regulatory coverage but fewer false declines and smoother onboarding, which can lift conversion in tight-margin markets.

The same pitch resonates beyond North America, where emerging regimes are moving fast and setting technical bars high. Governments that grant online gaming permissions are pairing consumer protections with strict location and identity checks. That environment creates demand for precise, low-latency verification that works on different devices, networks and operating systems. It also favors vendors that can demonstrate independent validation and a record of compliance under active supervision.

Market shifts raising the stakes

In the U.S., a question hanging over the sector is how far event-based trading can expand under federal rules without adopting state-level geolocation. Prediction market platform Kalshi, licensed by the Commodity Futures Trading Commission, lets users trade nationwide and has resisted geolocation requirements common in state-licensed wagering. That position has rattled compliance vendors that rely on per-transaction verification revenue. As detailed in reporting on Kalshi’s expansion and geolocation concerns, firms including Xpoint argue the technology is integral to consumer protection and fraud control, not just a regulatory tax.

The legal fight matters for business models on both sides. If federally supervised event contracts scale without the same geofencing and spoofing defenses, state-regulated sportsbooks could face an uneven competitive field. If courts or regulators push prediction markets toward state-like compliance, geolocation providers gain a larger addressable market and a clearer role as gatekeepers as financial and gaming products converge. Either outcome will shape how Xpoint and rivals allocate R&D across web, mobile and network-layer signals to authenticate location with higher confidence and less user friction.

Policy winds abroad

Regulatory change outside the U.S. is also influencing product roadmaps and sales cycles. New Zealand, for example, is moving to regulate offshore online gambling while channeling more tax revenue to community groups. The government raised the proposed offshore tax rate to 16 percent and emphasized consumer protections, including spending limits and harm minimization. The update, outlined in New Zealand’s amended online gambling bill, signals that lawmakers expect stronger controls across the stack.

For compliance vendors, those moves typically translate into stricter verification rules, reporting obligations and audit trails. They also widen the pool of operators seeking turnkey solutions that meet local standards without building from scratch. Markets that centralize oversight, or that position a state operator alongside private licensees, often require consistent geolocation accuracy, spoofing detection and data retention. Xpoint’s outreach to international operators and lotteries mirrors that trend and helps explain why investors are leaning into product development tied to diverse regulatory baselines.

The execution challenge

Turning capital into durable advantage will hinge on proof that new tools block sophisticated fraud without inflating false positives. As operators chase growth in regulated markets, they face creative adversaries using VPNs, device emulators and account farms. Vendors must keep up with signal fusion, machine learning classifiers and edge-case handling while maintaining low latency. That is where personnel moves matter. Devaraj’s background in service-oriented architecture and large-scale deployments, noted in Xpoint’s CTO announcement, suggests a push toward modular services operators can adopt incrementally. Boni’s role, as described in his appointment as chief of staff, is designed to keep that buildout on schedule and aligned with sales priorities.

The near-term milestones are clear: convert pilot integrations into live deployments, expand partnerships with platform providers and demonstrate measurable lifts in user conversion and fraud loss reduction. Longer term, the company will need to navigate the line between compliance utility and competitive differentiator as markets mature. If prediction markets or federally supervised event contracts are steered toward tighter geolocation norms, the upside widens. If not, vendors will have to prove that fraud prevention and trust justify the operational cost even when rules do not mandate them.

The funding arrives as operators, regulators and investors recalibrate what “compliant” must look like. In a sector where a few basis points of conversion or loss can swing margins, geolocation and anti-fraud are no longer just necessary plumbing. They are part of the product.