Compliable

History and Founding

Compliable was founded in 2019 in Lakewood, Colorado, by Chris Oltyan, Ben Neil, and Richard Grote. The company emerged from the founders' recognition of the cumbersome, paper-heavy process required to obtain and maintain gaming licences across multiple US states. Each jurisdiction demands essentially the same biographical, financial, and corporate information but on separate forms with unique formatting—a task that traditionally occupies weeks of manual work. Compliable set out to solve this by creating a centralised platform that automatically populates state-specific forms from a single data entry.

Product and Features

The core product, the Compliable Licensing Platform, is a SaaS solution that stores and streamlines licensing for regulated US sportsbooks, suppliers, iGaming operators, and affiliates. Key features include a personalised dashboard showing real-time status of all licences, automated email reminders for renewals (for both managers and employees), and reporting tools that allow compliance teams to quickly produce lists of licensed personnel for regulatory inquiries. An add-on called the Entity Module handles corporate entity licensing—filling out forms for the company itself as required by state gaming authorities. The platform is tailored to the specific requirements of state gaming control boards, including background checks, fingerprint submissions, and periodic renewals.

Business Model

Compliable operates a SaaS model, charging operators and suppliers based on the number of licences managed. Pricing is not publicly disclosed, but with seven clients generating approximately $270,300 in annual recurring revenue, the average contract value is in the tens of thousands of dollars. The company has raised a total of $5.3 million across three funding rounds (seed in 2019, $1.7M in 2020, and $3M in 2021), reaching a peak valuation of $12 million.

Market Position and Customers

Compliable targets the regulated US gambling sector—legal sportsbooks, iGaming platforms, and their vendors or affiliates. It is not a general compliance platform; its functionality is narrowly focused on gaming licensing. Early adopter Sporttrade, a US sports betting startup, is one of seven named customers. The platform competes indirectly with broader regulatory compliance tools but holds a niche as a specialised licensing solution. Its acquisition by IC360 (a larger technology group focused on integrity and compliance in gaming) in recent years has provided additional resources and integration opportunities while Compliable continues as a distinct product brand.

Recent Developments

Headcount peaked at 22 employees in 2022 but declined to approximately 12 by late 2024, likely reflecting a shift toward efficiency or further integration within IC360. The platform remains a focused, niche solution in a market where regulatory complexity is increasing as more US states legalise sports betting and online casino gaming. No major news or partnerships beyond the IC360 acquisition have been publicly reported as of early 2025.