MLB Partners with Prediction Markets, CFTC
MLB Baseball News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Major League Baseball (MLB) has partnered with prediction market platform Polymarket, gaining exclusive rights to use MLB logos and access to official league data. This deal, along with a new agreement with the Commodity Futures Trading Commission (CFTC), aims to protect the games integrity as these markets grow. MLB and CFTC will share information and hold regular meetings to address potential issues. However, reactions are mixed, with the American Gaming Association questioning the legitimacy of prediction markets over state-regulated sports betting. MLB plans to establish similar integrity ties with other prediction market platforms. Other leagues, including the National Hockey League and Major League Soccer, have also joined the trend, with NBA star Giannis Antetokounmpo investing in Kalshi.
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