MLB Partners With CFTC and Polymarket to Address Growing Prediction Market Risks

[madmax]

Major League Baseball has signed an “integrity protection” agreement with the Commodity Futures Trading Commission while also naming Polymarket as its Official Prediction Market Exchange. Commissioner Robert Manfred said the deals are aimed at safeguarding the league as prediction markets rapidly expand into sports-related activity.

The move follows prior warnings issued to players about betting-related risks and comes after incidents involving insider information sharing. MLB said the agreements are designed to proactively manage integrity concerns as platforms begin offering contracts tied to baseball events, including spring training games.

[cryptobro]

Major League Baseball getting into prediction markets was not on my bingo card