Partnership
IC360
IC360
May 14, 2024
UST will utilize innovative ProhiBet program to monitor prohibited sports wagering
Las Vegas, NV (May 14, 2024) — The University of St. Thomas and ProhiBet announced a groundbreaking partnership for the utilization of ProhiBet’s advanced fully encrypted decentralized cross-monitoring and notification platform. Designed to safeguard sports integrity and ensure adherence to state-specific regulations, ProhiBet will play a pivotal role in preventing specific individuals such as athletes, coaches, league officials, and administration from engaging in prohibited sports wagering.
In addition to the integration of the ProhiBet solutions provided by IC360, the agreement allows for digital educational training for all student-athletes, coaches, and administrative staff. IC360 has a proprietary e-learning platform which contains an audit tracking system for visibility on course progress.
"I am very happy that St. Thomas is partnering with ProhiBet to aid with cross-monitoring and education of student-athletes, coaches, and administrative staff as it relates to sports wagering,” commented Andrew Nelson, Associate Athletics Director of Development. “Thanks to unprecedented levels of sports wagering in the United States and recent events involving both professional and collegiate athlete and staff participation in sports wagering activities, there has never been more of a need for colleges to proactively work with someone to ensure not only compliance with NCAA rules, but all the state laws and regulations as well. I can't wait to get started with ProhiBet!"
ProhiBet’s cutting-edge technology provides a secure and transparent method for sports properties, both professional and collegiate, and sportsbook operators, to ensure that athletes, coaches, and league/school administrative staff remain compliant with the intricate web of state regulations that govern sports betting activities.
“We are thrilled to partner with University of St. Thomas -- the combination of ProhiBet's state-of-the-art encrypted data transfer system and the UST dedication to upholding the integrity of sports will undoubtedly enhance the transparency and trustworthiness of sports betting activities,” stated Matt Heap, Managing Director of ProhiBet. Heap brings a wealth of experience in the field as the former head of the Colorado Division of Gaming’s sportsbook operations.
ProhiBet began as a joint venture between U.S. Integrity and Odds On Compliance. The two firms have since merged and now operate under the brand IC360, becoming the unequivocal global leader in delivering best-in-class integrity and compliance regtech products and services for the sports betting and gaming sector.
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About the University St. Thomas:
The University of St. Thomas has a strong tradition of excellence in athletics, leading the university to make the unprecedented leap directly to Division I from Division III in fall 2021. As Minnesota’s first private DI college athletics program, St. Thomas looks to build a bright future on the foundation of its proud past, which includes 16 Division III Team National Titles and 68 Individual National Champions.
About ProhiBet:
ProhiBet is a leading provider of encrypted data transfer solutions for the sports betting industry. With a focus on regulatory compliance and data security, ProhiBet empowers sports properties and sportsbook operators to navigate the complex landscape of state regulations related to prohibited bettors. For additional information, visit www.prohibet.com.
About IC360:
Integrity Compliance 360 (IC360) is a global technology and consultancy powerhouse specializing in comprehensive integrity and compliance solutions for sports, sports betting, gaming, and iGaming. Leveraging the combined strengths of U.S. Integrity and Odds On Compliance, IC360’s mission is to set new standards by providing unparalleled services that ensure integrity, transparency, and compliance at the intersection of the rapidly evolving global sports betting market and sports integrity. For more information, visit ic360.io.
Media Contacts:
The University of St. Thomas
Kelsey Whaley, Director of Athletic Communications
ProhiBet
Matt Heap, Managing Director
mheap@ic360.io
U.S. Integrity
Scott Sadin, Chief Operating Officer
ssadin@ic360.io
