Virginia Tech partners with ProhiBet to ensure regulatory compliance with sports wagering

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 sport(s),” 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 the 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.

*This is an issued press release from the Virginia Tech athletic communications department.