PandaScore Secures License to Operate in Colorado
PandaScore has successfully obtained a license to operate in Colorado. The company made the crucial first step toward its ambitious plans to establish a strong foothold in the U.S. esports betting market.
Benefits for Existing and Future Clients
With the Colorado license, existing PandaScore clients can now expand their esports offerings within Colorado’s regulatory framework. This opens the door for them to scale up their operations and build a dedicated audience in an esports-supportive environment.
Future clients can also be assured that partnering with PandaScore will bolster their growth strategies in the U.S. market, thanks to a wide range of products such as BetBuilder, player props, and microbetting.
PandaScore’s decision to enter the U.S. market through Colorado was influenced by several factors. The state boasts a vast array of esports titles and competitions eligible for regular betting, offering a diverse range of markets.
Additionally, Colorado’s flexible and innovation-friendly licensing regime provides a solid platform for PandaScore and its clients.
Proof of Concept and Future Expansion
Securing the Colorado license serves as a proof of concept for PandaScore. Alexis Brunet, PandaScore’s Legal Counsel, noted that “securing the Colorado license is a strong signal of our intentions in the US and are serious about its potential. Esports in the United States is a fast-evolving regulatory environment, but it’s only going in one direction: expansion. We intend to provide our best-in-class products and services to our customers no matter where they are, and service one of the largest markets in the world.”
PandaScore CEO Flavien Guillocheau also expressed his thoughts about obtaining a Colorado license. “We’ve proven we know the market, get a license efficiently, and do it in a way that puts operators first. We’re confident that if our clients are seeking entry into a given market, we can be completely straight with them, show them the viable pathway to success, and create the foundation and access they need to fully harness the potential of esports in one of its biggest consumer markets,” Guillocheau said.
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