Kalshi has become the first client to fully integrate compliance consultancy IC360’s US-spanning prediction market self-exclusion tool.
The integration follows a partnership announced with IC360 in March. The company’s SelfExclude.io tool has been developed to help users of prediction markets exclude themselves from multiple platforms at once.
While Kalshi marks the first industry participant, IC360 has confirmed that integrations with Polymarket, Robinhood and ProphetX are all in progress.
Scott Sadin, co-founder and co-CEO of IC360, told nextpredict.io/ that he commended “the Kalshi team for taking consumer protections seriously and investing time and resources to ensure this feature is available and frictionless for their patrons.”
Cross-jurisdiction exclusion tricky in US gambling
While self-exclusion tools are familiar player protections in the gambling ecosystems of the UK and Europe, the state-by-state approach to betting regulation has made comprehensive self-exclusion tools difficult to implement in the US.
From a fragmented regulatory framework comes a fragmented network of player protection tools, and on that subject, Kalshi spokesperson Sara Slane has called this development a “big deal.”
She says that Kalshi’s uptake of SelfExclude.io clearly shows the “fundamental advantage of a federal framework: the ability to provide consistent, nationwide customer protections, rather than relying on a disjointed state-by-state system.”
The SelfExclude.io website explains that the tool works via a voluntary sign-up. Users verify their identity, and that personal information is then “cryptographically hashed and stored securely.”
Partners of the programme can then query users against the exclusion list without accessing those personal details, with matches triggering automatic restrictions.
Sadin told nextpredict.io/ that having now pioneered in this space, IC360 is looking forward to “bolstering the existing hub with additional tools that hopefully make a meaningful difference, and to welcoming additional platforms to the network.”
Kalshi CEO vocal about user protection
Kalshi already offers its own deposit limits and a ‘Trading Break’ function that players can use to restrict their own trading.
Still, many in the business of player protection have expressed concern at Kalshi’s positioning outside the mainstream gambling industry’s regulatory sphere of influence, suggesting that the lack of accountability to gambling authorities endangers users.
Although Kalshi’s CEO, Tarek Mansour, has continued to distance the company from gambling, this move supports his stated positions on user safety.
When the partnership between Kalshi and IC360 was announced in March, Mansour commented: “Every decision we’ve made at Kalshi has followed that core principle, and our partnership with IC360 is rooted in that belief. We’re excited to have them as a partner to help ensure our markets remain the gold standard in safety and integrity.”