Fandom Sports Retains Phantom Compliance to Implement Risk Management and Compliance Programs for B2B Licensing and NFT Initiatives
01 Setembro 2021 - 8:19AM
InvestorsHub NewsWire
Fandom
Sports Retains Phantom Compliance to Implement Risk Management and
Compliance Programs for B2B Licensing and NFT Initiatives
Vancouver, British Columbia
–September 1, 2021 – InvestorsHub NewsWire - Fandom Sports Media
Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or
the "Company"), is pleased to announce that the Company has
retained Phantom Compliance to assist the Company in setting up
internal controls and structures in support of the Fandom Sports'
B2B Malta Critical Gaming Supply License Application and NFT
marketplace
initiatives.
Phantom Compliance is a
Calgary, Alberta, Canada based firm providing regulatory compliance
consulting services, risk management, fraud prevention, and
advisory services to money services businesses, payments firms,
virtual asset service providers, NFT businesses, gaming operators
and many other clients. The team has a combined 70 +
years of experience in bleeding edge payments, e-commerce, and
currency technology.
"As we progress in our Malta
Gaming license applications, it is incumbent upon the Company to
have top- tier internal compliance, risk and player account
management policies. Furthermore, as we await our payment
integrations and odds line wagering deployment, the reporting and
monitoring capabilities which Phantom Compliance will be advising
on will lay a cornerstone in our foundation of efficient and
prudent financial risk management," states David Vinokurov, CEO and
President of Fandom
Sports.
As previously
announced on June 22, 2021, Fandom Sports commenced development of
an NFT marketplace for in-game fan engagement rewards on the Fandom
Sports platform. Fandom Sports is nearing beta testing of the
NFT marketplace and is considering several different protocols from
which to support its' NFT initiatives. Phantom Compliance's
extensive experience in setting up payment solutions and
international corporate governance structures will be critical in
ensuring the scalability required by Fandom Sports to ensure
seamless payments and compliance with respect to NFT creation,
sales and trading on a global platform with unique local
requirements.
"As recently as
August of 2021, according to Dune analytics, a leading NFT
marketplace recorded monthly volume figures of US$3.3bn –
approximately 1m ETH representing a 900% growth over the previous
month alone. Many NFT industry participants have been
focusing on unique content based NFTs while Fandom Sports is
focusing on technological fundamentals that will change the way
NFTs are created and distributed as well as unique content driven
NFTs. Our goal is to differentiate ourselves in the NFT space
the same way that what we have been able to in Esports with our
unique data presentation capabilities from the Company's purpose
built APIs," continued Mr.
Vinokurov.
"Phantom Compliance is proud to
partner with Fandom Sports Media Corp. and thrilled to support them
in the risk management, compliance, fraud prevention and other
areas of their business as they break new ground in the burgeoning
Esports and NFT industries. With a unique approach and niche
product offering, Fandom Sports is well positioned to leverage
their experience, and that of Phantom Compliance, to provide a
market leading and compliant service in major markets throughout
the world," states Ryan Mueller, CEO of Phantom
Compliance.
"PLAY. PREDICT. GET
REWARDED."
For additional
Information:
Investor
Relations
Email:
info@fandomesports.com
Phone +1 (604) 256
6990
DISCLAIMER:
The CSE has not reviewed and
does not accept responsibility for the adequacy and accuracy of
this information. This news release may contain forward-looking
statements. These forward-looking statements do not guarantee
future events or performance and should not be relied upon. Actual
outcomes may differ materially due to any number of factors and
uncertainties, many of which are beyond the Company's control. Some
of these risks and uncertainties may be described in the Company's
corporate filings (posted at
www.sedar.com).
The Company has no intention or obligation to update or
revise any forward-looking statements due to new information or
events. This press release contains forward-looking statements
about FANDOM SPORTS. Forward-looking statements may be identified
by the use of words like "believe," "expect," "anticipate,"
"estimate," "plan," "consider," "project," and similar references
to the future. Forward-looking statements reflect FANDOM SPORTS'
good-faith evaluation of information available at the time the
forward-looking statements were made. These forward-looking
statements are subject to a number of risks and uncertainties, and
our actual results may differ materially from those projected.
Please refer to FANDOM SPORTS' annual and quarterly reports filed
on SEDAR for a full discussion of those risks and uncertainties we
view as most important. Forward-looking statements are not, and
should not be relied upon as, a guarantee of future performance or
results, nor will they necessarily prove to be accurate indications
of the times at or by which any such performance or results will be
achieved. As a result, actual outcomes and results may differ
materially from those expressed in forward-looking statements. We
undertake no obligation to update or revise forward-looking
statements.
SOURCE FANDOM
SPORTS
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