MLB taps Polymarket as exclusive partner, teams with CFTC on betting integrity after last year’s scandal
MLB named Polymarket its exclusive prediction market partner and is collaborating with the CFTC to enhance betting integrity.Summary
Major League Baseball (MLB) has established a significant partnership with Polymarket, naming the crypto-based platform as its Exclusive Prediction Market Exchange Partner. This licensing deal grants Polymarket exclusive access to MLB's data and iconography, and they will jointly work to restrict markets deemed integrity risks, such as those involving individual pitches or umpire performance. This move follows last season's scandal involving pitchers allegedly taking bribes from bettors. Concurrently, MLB signed a Memorandum of Understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to discuss maintaining game and prediction market integrity, with CFTC Chairman Michael Selig stating the MOU will provide tools to combat fraud and manipulation. Polymarket noted this aligns with its broader strategy of working with regulators, building on its existing integrity platform development with Palantir and TWG AI. The article also mentions Polymarket's rival, Kalshi, is currently facing legal challenges from state authorities regarding the regulation of prediction markets.
(Source：The Block)