US SYNDICATE BETTING
There is a significant business opportunity to streamline access to the US sports betting market for both domestic US and international betting syndicates and market makers. SCCG has developed the operational, banking and compliance infrastructure by hiring and partnering with best-in-class talent.
The purpose for SCCG Financial in this market is to build an end-to-end solution for non-US betting syndicates which would allow them to enjoy the growing US liquidity pools.
SCCG FINANCIAL CAPABILITIES
- SCCG Financial provides market access as a holder of a CSIE license from New Jersey DGE
- SCCG Financial maintains agreements with exchanges licensed in New Jersey and other states
- SCCG Financial completes due diligence on its syndicate customers (syndicate entities, owners, and underlying investors) to a level consistent with US Bank Secrecy Act standards, OFAC requirements and banking partner expectations
- SCCG Financial conducts due diligence on the source of funds of all payments from its syndicate customers to ensure BSA compliance and bank partner satisfaction
- SCCG performs all gaming and Federal regulatory reporting to ensure continuity of licensing, market and bank services access
MARKET OBJECTIVES
- Provide greater liquidity to US market
- Improve access to and stability of banking services
- Reduce licensing administration and compliance management burden for syndicates and market makers
- Improve overall compliance and integrity of syndicate operations
PARTNERSHIPS
- Full-service compliance management and risk management software solutions
- Banking partners