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MLB Partners with Prediction Market
20 Mar
Summary
- MLB teams up with Polymarket for prediction markets.
- Partnership includes official league data access.
- Integrity framework restricts high-risk markets.
Major League Baseball is stepping into the prediction market space with a new, multi-year partnership with Polymarket. This agreement designates Polymarket as the league's official exchange for prediction markets, granting them exclusive rights to use MLB branding and logos.
As part of the deal, Polymarket will gain access to official league data through Sportradar, MLB's data distributor for prediction markets. This move aligns MLB with other major sports leagues that have already embraced the growing prediction market industry.
Central to this collaboration is a robust integrity framework. MLB and Polymarket will work together to restrict markets deemed higher risk, such as those tied to individual pitches or umpire performance. This ensures that brokers operate under strict integrity controls.
Additionally, MLB Commissioner Rob Manfred signed a memorandum of understanding with the Commodity Futures Trading Commission (CFTC). This establishes regular communication and information sharing to safeguard baseball's integrity and oversee prediction market activities, demonstrating a proactive approach to regulation in this evolving sector.
