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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Versus Systems Inc    VS   CA92535P1053

VERSUS SYSTEMS INC (VS)
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Versus : Welcomes U.S. Supreme Court Decision

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05/17/2018 | 05:00pm CEST

VANCOUVER, British Columbia and LOS ANGELES, May 17, 2018 (GLOBE NEWSWIRE) -- Versus Systems, Inc. (CSE:VS) (CSE:VS.CN) (OTCQB:VRSSF) (FRANKFURT:BMVA) was pleased by the recent Supreme Court decision to allow states to regulate sports betting individually. “While our products do not enable traditional gambling, we are eager to see the states review their regulations as they relate to sports, e-sports, sweepstakes, and skill-based gaming,” said Matthew Pierce, founder and CEO of Versus Systems. “We have been filing intellectual property for a number of years and setting our strategy around a system of dynamic regulatory compliance because we have known since the outset that many content providers are looking for new ways to drive additional engagement and that those disruptive efforts would lead to new regulations being written. We designed our Winfinite platform to deal with these different regulations on a state-by-state and country-by-country basis.”

The SCOTUS decision in Christie vs. NCAA is only the beginning of a longer process of individual states reviewing and re-writing regulations. Several states have already begun re-writing decades-old laws to accommodate new options.  Companies that want to address rewards in sports – including e-sports – will need flexible systems that can address individual state laws and can change easily in response to new regulations when they are added or removed. According to Pierce, “Providing dynamic regulatory compliance has been a hallmark of Versus Systems and the Winfinite platform from the beginning. We are excited about the SCOTUS decision and we are eager to make all of our partners' games more compliant, and more fun, no matter what happens in any given jurisdiction going forward.”

About Versus Systems

Versus Systems is the creator of the Winfinite rewards platform – a system that allows game developers and publishers to offer prizes to players for in-game achievements and activities. The Winfinite platform is currently available on NASCAR Heat Mobile for iOS and Android and will be available in a variety of other games and platforms soon.  Prizes include gear, apparel, concert tickets, energy drinks, and downloadable content from brands gamers care about like Rockstar Energy, Han Cholo, Tier 1 Accessories, and others. See how Versus works at versussysstems.com.

Versus Systems, Inc.

Contact Yona Warmin 

yona.warmin@versussystems.com

Source: Versus Systems Inc.

2018 GlobeNewswire, Inc., source Press Releases

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Managers
NameTitle
Matthew Pierce President, Chief Executive Officer & Director
Craig Finster Chief Financial Officer
Paul A. Vlasic Independent Director
Keyvan Peymani Director
Michelle Gahagan Independent Director
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