The new licence will enable Pinnacle Solution to provide its services to sportsbook partners within the MGA’s jurisdiction.
Pinnacle said the permit would support its growth plans, with the business seeking new partnerships in a number of new territories, with particular focus on Europe and Latin America.
Pinnacle Solution currently services more than 50 sports wagering operators in markets around the world.
“We’ve made great efforts to ensure our trading practices and technology stack can be scaled quickly, openly and transparently in order to give our sportsbook partners a first-class service that delivers the enhanced hold and revenue performance they’re after,” Pinnacle chief executive Paris Smith said.
“Obtaining the MGA licence is proof that our expert teams have developed products that meet the market’s demands and high standards, and we’re now looking forward to servicing new partners in more markets with the ultimate sports betting, esports and risk management solutions.”