Evolution advises on allegations of irregularities | New

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STOCKHOLM, November 24, 2021 / PRNewswire / – Evolution has received questions regarding reports of alleged irregularities. These allegations come from an anonymous third party with what appears to be an intention to discredit Evolution. This statement aims to clarify the fundamental principles of Evolution’s business model, responsibilities and mode of operation.

Evolution innovates, develops and produces content for the online casino on a B2B basis. Evolution provides services to licensed B2C casino operators and B2B aggregators. Evolution performs full due diligence of the operators or aggregators with which the company has contracts and requires that the counterparties hold a valid license. In many jurisdictions, providers such as Evolution also require a B2B license to be allowed to deliver content to authorized operators. Evolution holds B2B licenses in over 20 jurisdictions.

Evolution does not manage any players or the players’ money. Evolution provides a service to the operator who in turn provides its services to the players. It is the operator’s responsibility to perform a KYC on each actor and to decide which markets to focus on and which actors to accept. It is the operator’s responsibility to comply with its regulations and its authorization. It is the same structure as for land-based casinos. The supplier of a cabinet on a gaming room is not responsible for people who enter the casino and play on that cabinet. Therefore, the cabinet supplier is not responsible for the player’s KYC and does not manage the player’s money. The same principle applies in the online casino market. The control of who plays the game is the strict responsibility of the operator.

That said, Evolution works closely with regulators and operators in an ever-changing online environment to support and provide tools for operators to approach and manage their markets in accordance with their license and regulatory framework. There are also frequent changes implemented by regulators that will affect both the services provided by Evolution, as well as the interaction with operators.

It is important to stress that Evolution does not own or control any of the operators or aggregators with which the company works. Thus, Evolution does not control the players that the operators allow to play. It is also important to point out that Evolution uses tools at its disposal to block the play of certain countries, including countries on the sanctions lists.

It has been falsely alleged that Evolution games are accessible directly from countries under US sanctions. This is not the case without sophisticated technical manipulation. According to the allegations made in the anonymous and questionable report, active manipulation of Evolution’s systems was taken to create the impression that gambling from these countries was possible. This use of Evolution content, through an operator who was not an Evolution client but connected to an aggregator of which Evolution has as a client, was apparently achieved by first establishing a VPN tunnel from from an IP address in a blocked country to obtain an IP address. address in an accepted country. From this IP address, a connection via the operator to the Evolution lobby was established, clearing all geographic IP checks, and a session was established with the browser. Subsequently, the VPN of the accepted IP address was terminated, while the content session remained active in the browser. The first IP address of the blocked country remains active. Prior to these steps, several attempts to connect directly from the IP address in the blocked country were rejected. This is a deliberate plan of action to bypass a widely accepted and well-established process for verifying the geographic location of users, in an attempt to discredit Evolution.

Evolution is constantly working to be better and any suspected irregularities in the laws or regulations applicable to Evolution are carefully considered, with the aim of continuously improving its operations in terms of player safety, compliance with regulatory frameworks and support for players. operators in their compliance. In this case, Evolution proactively contacted the New Jersey Division of Gaming Enforcement (NJDGE), as part of its standard procedure in dealing with regulators. An internal review has been initiated to ensure a prompt response to any questions from the NJDGE.

A call to investors will be organized today, 24 novembere at 4:00 p.m. CET. Please find the link below:

https://financialhearings.com/event/43619

To connect by phone, please call one of the following numbers:

SE: +46 8 505 583 65

United Kingdom: +44 333 300 92 67

United States: +1 646 722 49 57

For investor inquiries, please contact:

Jacob Kaplan, CFO, [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/evolution/r/evolution–statement,c3459936

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