US EditionMLB Strikes Deals with Polymarket, Federal Watchdog as Prediction Markets Boom
- Major League Baseball announced today that it has named Polymarket as its official prediction market partner and signed an information-sharing memorandum with the Commodity Futures Trading Commission.
- Facing growing legal pressure, leagues moved to formalize rules as prediction markets surged over the past year, with Arizona Attorney General Kris Mayes charging Kalshi and last year’s indictment of two Cleveland Guardians pitchers increasing urgency.
- The agreement establishes a comprehensive integrity framework, and under the memorandum, designated representatives will meet regularly to share confidential information, MLB Commissioner Rob Manfred said, 'Protecting the integrity of the game on the field is our top priority'.
- Polymarket will gain exclusive branding and data rights while the league retains ties to other prediction market exchanges that must adopt integrity protections; the deal may be voided if courts rule against prediction markets under state law.
- Following similar deals by the National Hockey League and Major League Soccer, the partnership signals broader league adoption and involves the CFTC, with Selig stating 'the collaboration helps the commission add tools to protect markets.
55 Articles
55 Articles
Wanna Bet? MLB Makes Polymarket Its Official Predictions Market Partner
As far as baseball surprises go, this one was a little more predictable than the all-star-stacked Team USA losing the World Baseball Classic. On Thursday, Major League Baseball threw a curveball with a spin rate that would do Charlie Morton proud, making Polymarket the official prediction markets exchange of the American pastime. It’s the latest step toward legitimacy for the industry, though it comes amid fresh legal challenges and while MLB fa…
MLB strikes deals with Polymarket, federal watchdog as prediction markets boom
The MLB is jumping into the prediction market frenzy with an exclusive business partnership with Polymarket and an agreement with a federal regulator, the league announced Thursday. In a Thursday statement, MLB announced it had struck a deal with Polymarket to make the platform the league's "Official Prediction Market Exchange" and struck a separate memorandum...
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