Kalshi Partners with IC360 to Boost Prediction Market Integrity

Deal Overview and Core Goals

The agreement zeroes in on specific targets. IC360’s monitoring services will watch Kalshi’s markets for odd patterns, while its ProhiBet platform, a coded list of folks barred from betting or trading, keeps prohibited users out. ProhiBet’s real-time data cross-checks ensure quick flags on restricted players.

The deal also aims to lift fraud detection standards and back Kalshi’s goal of a trustworthy setup. CEO Tarek Mansour called it a natural fit, saying, “From the start, we knew safety and compliance were the only way to unlock prediction markets’ potential.”

IC360’s Co-CEO Scott Sadin echoed that, noting the partnership blends tech and teamwork to build an ethical market space.

This ties to Kalshi’s broader mission. Regulated by the Commodity Futures Trading Commission (CFTC) since 2021, it’s the first U.S. platform for legal event contracts. By March 2025, it had rolled out sports markets, like NCAA March Madness, pulling $200 million in trades through Robinhood’s app, per company stats.

Tools and Impact on Operations

IC360 brings solid tech to the table. Its integrity monitoring scans for weird trading spikes, say, a flood of bets on a low-profile game. ProhiBet, meanwhile, locks out banned individuals, like athletes or league staff, using encrypted data synced in real time. Kalshi plans to weave these into its Customer Protection Hub, launched the same day.

Mansour said IC360’s data “will boost our ability to stop bad actors and report them to leagues and regulators.” This setup aims to keep markets clean and dodge the heat faced by unregulated platforms like Polymarket.

The hub adds more layers. It offers deposit caps, trading breaks, and opt-out options, mirroring sportsbooks’ responsible gaming tools. Kalshi’s internal surveillance team, already active, gets a lift from IC360’s systems.

For sports contracts, like betting on Duke winning March Madness, the deal ensures real-time checks on who’s trading and why. Sadin highlighted the fit, saying, “We believe integrity comes from tech solutions and collaboration.” With IC360’s 200+ clients, including the NBA and SEC, per its site, Kalshi taps a proven network to handle risks as it expands.

Impact shows fast. Kalshi’s $200 million in March Madness volume outpaced some state sports betting handles. Yet, sports leagues like MLB have flagged integrity gaps in prediction markets.

Leadership Vision and Industry Context

Mansour framed the partnership as core to Kalshi’s DNA. “Every call we’ve made follows our rule of building a safe, compliant market,” he said. He tied it to the hub’s debut, adding, “From day one, we’ve carried the duty of fostering trust.” For sports, he noted IC360’s role in spotting and reporting bad actors, a nod to critics like the American Gaming Association, which calls prediction markets an “unfair threat” to sportsbooks. Kalshi’s traded $2 billion in contracts since 2021, per its claims, and this move keeps it ahead in a field where trust is king.

Sadin’s take complements that. “We’re excited to bring top-tier monitoring and ProhiBet to Kalshi,” he said. He sees it as a model for tech-driven integrity, a stance IC360, formed from U.S. Integrity and Odds On Compliance in 2024, has pushed with clients like the UFC. The pair’s vision aligns on transparency, with Kalshi aiming to stay the “gold standard” in safety. Mansour’s X post on March 24 added, “We hope our hub sets a new bar for customer protection.” It’s a bold claim, but the IC360 link gives it teeth.