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Versus Systems Inc (CSE:VS) announced that it was pleased by the recent Supreme Court decision to allow states to regulate sports individually. The company is the creator of the Winfinite rewards platform, a system that allows game developers and publishers to offer prizes to players for in-game achievements and activities. The platform is available on …
Versus Systems Inc (CSE:VS) announced that it was pleased by the recent Supreme Court decision to allow states to regulate sports individually.
The company is the creator of the Winfinite rewards platform, a system that allows game developers and publishers to offer prizes to players for in-game achievements and activities. The platform is available on NASCAR Heat Mobile for iOS and Android.
As quoted in the press release:
“While our products do not enable traditional gambling, we are eager to see the states review their regulations as they relate to sports, e-sports, sweepstakes, and skill-based gaming,” said Matthew Pierce, founder and CEO of Versus Systems. “We have been filing intellectual property for a number of years and setting our strategy around a system of dynamic regulatory compliance because we have known since the outset that many content providers are looking for new ways to drive additional engagement and that those disruptive efforts would lead to new regulations being written. We designed our Winfinite platform to deal with these different regulations on a state-by-state and country-by-country basis.”
The SCOTUS decision in Christie vs. NCAA is only the beginning of a longer process of individual states reviewing and re-writing regulations. Several states have already begun re-writing decades-old laws to accommodate new options. Companies that want to address rewards in sports – including e-sports – will need flexible systems that can address individual state laws and can change easily in response to new regulations when they are added or removed. According to Pierce, “Providing dynamic regulatory compliance has been a hallmark of Versus Systems and the Winfinite platform from the beginning. We are excited about the SCOTUS decision and we are eager to make all of our partners’ games more compliant, and more fun, no matter what happens in any given jurisdiction going forward.”