Major League Baseball Warned Players About Prediction Markets In Leaked Memo

Major League Baseball Warned Players About Prediction Markets In Leaked Memo

In a newly obtained memo, Major League Baseball warned its players that participating in prediction markets is a violation of the league’s betting policies. This stance by MLB goes directly against several prediction market companies’ claims that they are not gambling entities. They key difference is that prediction markets have been deemed legal in some states where sports betting is not legal. Federal regulators, unlike Major League Baseball a…

MLB Sent Memo to Players in August About Kalshi, Polymarket

In a letter to players obtained by FOS, the league warned that its rules against gambling on baseball also apply to prediction markets.