Virginia Tech Partners with ProhiBet for Innovative Sports Data Integrity Solution to Ensure Regulatory Compliance
Las Vegas, NV (September 5th, 2023) — Virginia Tech 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.
“Virginia Tech has always been dedicated to promoting fairness, transparency, and compliance in all aspects of our sports,” stated Derek Gwinn, Senior Associate Athletics Director, Compliance at Virginia Tech. “Our collaboration with ProhiBet underscores our commitment to upholding the integrity of our sports programs and ensuring that our athletes, coaches, and administrative staff adhere to the ever-evolving landscape of state regulations surrounding sports betting.”
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 Virginia Tech -- the combination of ProhiBet's state-of-the-art encrypted data transfer system and Virginia Tech’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.
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About the Virginia Tech:
As the commonwealth’s most comprehensive university and a leading research institution, Virginia Tech offers about 280 undergraduate and graduate degree programs to more than 37,000 undergraduate, graduate, and professional students across the commonwealth and manages a research portfolio of more than $556 million. The university fulfills its role as a land-grant institution by fostering a collaborative environment that integrates technology into all disciplines, so that the Virginia Tech community can serve as a force for positive change around the commonwealth, the country, and the world.
About ProhiBet:
ProhiBet is a leading provider of encrypted data transfer solutions for the sports betting industry. With a focus on regulatory compliance and data security, ProhiBet empowers sports properties and sportsbook operators to navigate the complex landscape of state regulations related to prohibited bettors.
For additional information, visit www.prohibet.com.
About Odds On Compliance:
Odds On Compliance is a technology and consultancy firm specializing in sports betting, iGaming and gambling compliance and regulatory frameworks, in the U.S. and abroad. Odds On Compliance provides a range of services that assist clients navigating, mastering, and staying up to date with the rapidly developing regulatory compliance framework at state and federal levels throughout the USA.
For more information please go to OddsOnCompliance.com.
About U.S. Integrity:
U.S. Integrity is a leading technology-driven sports wagering monitoring company, providing the highest level of protection against betting-related fraud and corruption. U.S. Integrity’s mission is to grow the legal, regulated sports betting market by providing solutions that ensure sports betting integrity in every play, every game, every sport. Supported by investors including Las Vegas Sands, SeventySix Capital and the New York Angels, U.S. Integrity partners with some of the largest professional sports leagues and collegiate conferences in the U.S., as well as licensed sports-betting operators and regulators. U.S. Integrity is based in Las Vegas and New York.
For additional information, visit www.usintegrity.com.
Media Contacts:
Virginia Tech
Derek Gwinn - Senior Associate Athletics Director, Compliance
gwinn@vt.edu
ProhiBet
Matt Heap, Director
mheap@prohibet.com
Odds On Compliance
Ashley Dabb, Head of US Operations, Red Knot Communications
Ashley@redknotcomms.com
U.S. Integrity
Scott Sadin, Chief Operating Officer
scott.sadin@usintegrity.com
