Consumer safety center debuts, partnering with IC360 to ensure sports honesty and integrity
Sizing Up Kalshi's Safety Measures:
Taking a giant leap towards enhancing customer safety, Kalshi unveiled a "Consumer Protection Hub" as announced by their CEO, Tarek Mansour, in a recent X post. Packed with features like Deposit Caps, Trading Breaks, and Voluntary Opt-outs, this platform aims to bolster Kalshi's regulatory and "market surveillance team."
Bearing resemblance to responsible gambling tactics used by authorized sportsbooks, these functionalities are not new in the industry. Leading operators offer time management tools and self-exclusion programs to ensure users can manage their activities responsibly.
Teamwork Makes the Dream Work: IC360 Collaboration
In another significant move, Kalshi partnered with integrity monitor IC360 to beef up its sports contract monitoring. Mansour asserted that this collaboration would significantly strengthen Kalshi's ability to sniff out and block dubious activity. Any questionable incidents would be reported to the relevant authorities and sports leagues.
As an integrity monitor for numerous professional and collegiate sports leagues, IC360 boasts an impressive resume. In this collaboration, Kalshi will utilize IC360's ProhiBet service, a decked-out, encrypted database listing those barred from sports betting or prediction markets. This synergy will empower real-time surveillance of banned bettors.
There's, however, a chasm between legal sports betting regulations and prediction markets. Unlike sportsbooks, Kalshi falls under the purview of the Commodities Futures Trading Commission (CFTC), an agency lacking experience in managing sports integrity matters. Despite this, IC360 exudes confidence in the partnership's potential.
7Bit Casino177% up to 5BTC + 77 Free Spins! Visit Site"Partnering with IC360 is a testament to our shared goal of achieving integrity in sport through technology-driven solutions and collaborative stakeholder engagement," said Scott Sadin, co-CEO of IC360, in the official statement.
Kalshi's dual focus on consumer protection and sports integrity highlights its unwavering dedication to maintaining a secure and transparent platform. By leveraging IC360's expertise, the company aims to preserve fairness while offering a safer trading experience for its users.
Insider's Scoop:From data enhancement to integrity monitoring and customer protection, IC360's partnership with Kalshi positions both entities to strengthen sports integrity and consumer safeguards. This alliance aligns with the broader industry's aim to ensure fair and secure sports betting and prediction markets.
[1] Data Enhancement: IC360 furnishes Kalshi with technology to monitor integrity, improving the firm's capacity to single out bad actors and report suspicious activities.[4][5]
[2] Integrity Monitoring: IC360's tools help Kalshi up its integrity game by bolstering its commitment to maintaining a secure and fair prediction market environment.[5]
[3] Customer Protection: IC360's involvement supports Kalshi's launch of the Customer Protection Hub, offering additional ways for users to manage their activities safely.[1]
- Kalshi's collaboration with integrity monitor IC360 will empower the use of IC360's ProhiBet service, a technology-driven solution that will enable real-time surveillance of banned bettors, enhancing customer protection.
- The synergy between Kalshi and IC360 is a testament to their shared goal of achieving integrity in sports through technology-driven solutions and collaborative stakeholder engagement, aligning with the broader industry's aim to ensure fair and secure sports betting and prediction markets.
- IC360's partnership with Kalshi extends beyond integrity monitoring to data enhancement, thus improving Kalshi's ability to single out bad actors and report suspicious activities, strengthening sports integrity and consumer safeguards.
