Betr Partners with ProhiBet for Regulatory Compliance
Betr Partners with ProhiBet for Innovative Sports Data Integrity Solution to Ensure Regulatory Compliance
Las Vegas, NV (October 11, 2023) — Betr Holdings, Inc. (Betr) and ProhiBet today 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.
"The pillars of fairness, transparency, and compliance have always been at the core of Betr's ethos," statedAshwin Krishnan, Head of Legal & Business Affairs at Betr. "Our collaboration with ProhiBet serves as a testament to our unyielding commitment to upholding the integrity of our offerings, while we navigate the ever-changing landscape of state regulations in the sports betting industry."
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 Betr -- the combination of ProhiBet's state-of-the-art encrypted data transfer system and Betr’s 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 is a joint venture between U.S. Integrity and Odds On Compliance. U.S. Integrity offers wagering monitoring services to stakeholders across the sports wagering ecosystem while Odds On Compliance is a leading compliance technology and consultation firm in the sports betting and gaming industry.