Caesars sportsbook to introduce IC360’s ProhiBet technology
The encrypted and decentralized platform will hope to assist Caesars sportsbook in meeting the highest level of compliance and integrity standards.
Key Points
- The ProhiBet platform is said to include encrypted data cross-referencing, allowing sportsbooks and sports properties to detect prohibited bettors in real-time
- According to IC360, ProhiBet has conducted nearly 50m checks across the country to ensure compliance and integrity
IC360 and Caesars sportsbook have formed a new partnership to introduce IC360’s ProhiBet technology to the sports betting platform, providing real-time alerts while monitoring for banned players.
“Our partnership with Caesars Sportsbook represents a significant milestone in enhancing the integrity and transparency of the regulated sports betting industry,” ProhiBet Managing Director Matt Heap said.
“With our advanced technology, we’re ensuring that Caesars stays ahead of regulatory requirements and provides a seamless, compliant experience for their customers.”
The encrypted and decentralized platform will hope to assist Caesars sportsbook in meeting the highest level of compliance and integrity standards, as IC360 stated that ProhiBet has conducted nearly 50m checks across the country to date.
The ProhiBet platform offers data cross-referencing, allowing sportsbooks and sports properties to detect prohibited bettors in real-time.
The partnership with Caesars sportsbook was said to “emphasize” IC360’s commitment to providing a “safe and trustworthy betting environment” while helping to set standards for fraud detection in state-specific regulations.
Good to know: Caesars Entertainment reported the operator’s financial results throughout the fourth quarter of 2024 and FY on February 25, having generated a net income loss of $278m during FY2024
The collaboration follows Caesars’ recent partnership with Oddsworks on February 27, helping to launch Oddsworks iGaming content across four US markets including New Jersey, Pennsylvania, Michigan and West Virginia.
The supplier’s online casino games are now live and available for eligible players through Caesars Palace Online Casino, Horseshoe Online Casino and Caesars Sportsbook & Casino.
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