Kalshi partners with IC360 to ensure market integrity

In the United States, Kalshi, recognized as the largest prediction market, announced a strategic partnership with IC360 to bolster its compliance infrastructure. This decision is part of Kalshi's ongoing efforts to ensure integrity and security in predicting market operations. Kalshi aims to use the advanced services offered by IC360, including integrity monitoring and ProhiBet services, to enhance the safety of its prediction markets. The partnership with IC360 will facilitate real-time monitoring for suspicious activities and cross-referencing with an encrypted list of individuals prohibited from participating in prediction markets and sports betting. By implementing these advanced integrity measures, Kalshi emphasizes its commitment to providing a trustworthy environment for its users. Since its inception in 2019, Kalshi has continuously worked towards establishing a regulated and safe platform for traders. It played a pivotal role in legalizing event contracts in America, which serves as a hallmark of regulatory compliance in the prediction market space. Kalshi's collaboration with IC360 aligns with its long-standing strategy of engaging regulatory bodies to ensure operational transparency and trust. Tarek Mansour, CEO of Kalshi, highlighted that the company’s core principle revolves around establishing a market that exemplifies safety, integrity, and compliance. The partnership aims not only to maintain the highest standards in prediction markets but also to set a new benchmark in fraud detection and compliance within the industry. Scott Sadin, Co-CEO of IC360, expressed confidence that through this innovative partnership, both companies can create a more ethical and transparent landscape in sports betting and prediction markets.