MLB bets on prediction markets with Polymarket partnership
TL;DR
Major League Baseball is partnering with Polymarket on a multi-year prediction-market venture (reported around $300 million) to offer baseball-related contracts, while working with the CFTC to guard game integrity by restricting high-risk markets and sharing data to detect suspicious activity; the deal underscores a broader regulatory debate over prediction markets and includes plans to pursue integrity partnerships with additional exchanges, with Minor League Baseball excluded from the deal.
- MLB further embraces sports betting in deal with prediction platform Polymarket The New York Times
- MLB reaches agreements with Polymarket, federal commission ESPN
- Major League Baseball names Polymarket exclusive prediction market partner CNBC
- Polymarket continues its partnership spree with a Major League Baseball deal TechCrunch
- Report: MLB’s Polymarket deal pays up to $300 million per year NBC Sports
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