With the launch of North Carolina sports betting just three weeks away, regulators continue approving more betting suppliers to facilitate operations of sportsbooks and betting apps in the state.

On Wednesday, the NC Lottery Commission fully licensed two additional suppliers – GeoComply Solutions for geolocation services and SBTech Malta Limited for platform and bookmaking services. The Commission also gave provisional approval to seven more suppliers supporting various sportsbook functions like compliance, data analytics, fraud protection and more.

North Carolina sports betting apps will rely on these and other licensed providers for core infrastructure and integrity measures when wagers go live in mid-March.

Latest Batch Brings Total to 14 Approved Sports Betting Suppliers

To date, North Carolina has now approved 14 sports betting suppliers – two with full licensure and 12 with provisional approval.

The 12 provisionally-licensed suppliers have 180 days to complete further due diligence for the Lottery Commission and gain full licensure.

This latest batch includes companies providing vital services like geolocation confirmations, identity verifications, data analytics and streaming, risk management platforms and monitoring for integrity of betting markets and sporting events themselves.

Having adequate oversight and fraud protection measures in place are key priorities emphasized by the legislation authorizing North Carolina sports betting. Regulators are still reviewing license applications for various sportsbook operators and more suppliers to make sure necessary infrastructure and compliance systems are set up before the official launch.

Currently Approved Suppliers Ensure Secure, Integrated Platforms For Sports Bettors

Both full licensees and provisional suppliers approved so far allow North Carolina sportsbooks to provide reliable, transparent betting platforms at launch.

As a leader in geolocation services, GeoComply Solutions confirms the location of all NC sports bettors to make sure wagers are only placed within state lines per regulations.

SBTech Malta Limited, now part of DraftKings, develops cutting-edge betting interfaces along with odds modeling and risk management tools for sportsbooks. Together with GeoComply’s geofencing, SBTech’s infrastructure enables North Carolina sports betting apps to operate secure platforms adhering to NC mandates.

Provisionally-approved suppliers also permit robust oversight, such as U.S. Integrity Inc. monitoring betting activity to guard against manipulation or suspicious outcomes.

BetMGM North Carolina can leverage suppliers like Socure Inc. for identity verifications, Aristotle International for compliance technology, and Telecheck Services for payment processing and fraud systems.

These and forthcoming approved vendors allow NC sportsbooks to focus on competitive offerings like unique North Carolina sportsbook promos, while relying on licensed providers to enable fair, regulated statewide mobile wagering.

Additional Supplier Approvals Expected As March Launch Nears

With a little over three weeks left until the March 21 target for accepting first online sports wagers, North Carolina regulators still have more supplier licensing evaluations underway.

Given legislative directives for sportsbooks to incorporate certain integrity measures and comply strict requirements, launching without adequate infrastructure in place would pose major risks.

While only two full sports betting supplier licensees have been named so far, provisional approvals permit suppliers to establish necessary systems for operators and allow regulators to properly vet all participants in NC’s sports betting landscape.

Therefore, more provisional licenses may come before full approvals accelerate as the March 21 go-live date draws closer.

Once enough sportsbook operators and suppliers meet requirements for the launch, bettors 21 and older located within North Carolina’s state lines can soon sign-up, deposit and start placing real-money wagers through approved North Carolina sports betting apps.

✅ Fact Checked on February 24, 2024 by Ken Weaver