EVS Blog

Adverse Media Search, available from Electronic Verification Systems (EVS), can help you enhance your due diligence process and maintain compliance with evolving regulations. Here's how.

In part 1 I discussed how those in the Fantasy Sports industry (same theory can be applied to any industry) who aren’t playing by the rules are only going to aid the regulatory bodies (states and federal) in their overall scrutiny of the industry; and those regulatory bodies will have real-life scenarios to back their reasoning for the imposing of steeper fines, passing of stricter laws and worst of all, outlawing games of skill.

The Fantasy Sports industry has seen its fair share of scandals in recent years such as the alleged “Insider Trading” between key players in the industry. Such disregard for the rules (and general un-sporting conduct) has made it more difficult for all businesses in the Fantasy Sports Industry, such as the temporary bans in some states and stricter compliance regulations all around.

It may be tempting for businesses that are required to screen against watch lists to think that all watch list screening solutions are the same because the lists themselves are defined by the government. Contrary to this view, the solution you choose can make a difference to your operational efficiency, budget, and even compliance status.