Nevada panel approves Kambi Group PLC registration and related licenses after extensive review

The Nevada Gaming Commission on Thursday approved applications enabling Kambi Group PLC and several related entities and executives to register and seek licensure in Nevada after more than two hours of questioning from commissioners and gaming agents.

Kambi executives and their counsel made in-person presentations to the commission and to staff from the Nevada Gaming Control Board, describing the company’s business-to-business sports-betting platform, global operations, regulatory compliance program and plans for technical testing and a retail rollout in Nevada.

Kambi said it is a b-to-b sportsbook technology provider operating in more than 60 regulated markets with more than 6 million active players and more than 1,000 employees. Company presenters described an internal compliance structure that includes regulatory, operational and technical compliance teams, an internal audit function and plans for a quarterly compliance committee that will include senior management and an independent member. They told commissioners they had submitted a compliance plan to the Gaming Control Board and are working with GLI on technical testing in Nevada.

Commissioners focused on the company’s readiness and the size of its internal audit function, asking how the firm would scale audit resources as U.S. operations expand. Kambi’s finance and compliance officers said there is one staff internal auditor reporting to their audit committee today, supported by larger regulatory, technical and offering-compliance teams; they committed to expanding the audit function as workload increases.

Kambi told the commission it expects to complete GLI technical testing by midyear and to pursue a field trial later in 2025 with a Nevada retail operator (Bally’s was cited as an existing customer in other U.S. states). The company also said it will rely on partners for player-account management should Kambi’s offering be used online in Nevada and that retail wagering in Nevada would be anonymous and handled through operator systems.

After questions from commissioners, including on internal audit staffing, esports integrity, prior regulatory matters in other jurisdictions and cybersecurity, the commission voted to approve the set of registration and licensure items recommended by the Gaming Control Board. The vote followed a motion to approve the nonrestricted agenda item related to Kambi and the related orders presented by staff.

The approvals clear the way for Kambi Group PLC to register in Nevada and for associated applications (holding companies, trustees, and named officers and key employees) to move forward under the conditions and supervisory oversight noted by the Gaming Control Board and the commission.

The commission’s action reflected both the company’s commitments on compliance and technical testing and the staff recommendation to approve the applications with the conditions included in the draft registration/orders.

A number of individual Kambi applicants — including executive and director candidates introduced at the hearing — were considered during the same agenda item and were handled as part of the single corporate registration package presented to the commission.