Major League Baseball names Polymarket as prediction market partner

Baseball commissioner Robert D. Manfred has signed a memorandum of understanding with Michael S. Selig, chairman of the CFTC.

US.- Major League Baseball (MLB) has named Polymarket as its Official Prediction Market Exchange. Polymarket and its brokers will get exclusive access to MLB marks and logos and the prediction platform will also get access to official league data from Sportradar and receive brand exposure across MLB’s digital ecosystem and at league events.

Baseball commissioner Robert D. Manfred signed a memorandum of understanding (MOU) with Michael S. Selig, chairman of the Commodity Futures Trading Commission (CFTC). Under the terms, MLB and the CFTC expressed an intent to share information, which will be treated confidentially.

The deal includes an integrity framework, which includes collaboration to restrict markets that present an integrity risk to MLB. Polymarket will integrate integrity controls into its US Rulebook. A year ago, the MLB wrote to the CFTC calling for strong integrity protections in the prediction market space.

Manfred said: “The new agreements that we formed with Polymarket and the CFTC are imperative steps in proactively managing the new and rapidly growing prediction market space. Protecting the integrity of the game on the field is our top priority. By engaging in this community, we are able to work together to create clear boundaries with the goal of mitigating risk while providing fan engagement opportunities.”

Shayne Coplan, founder and CEO of Polymarket, added: “Polymarket is about bringing fans closer to the moments that define sports. By working collaboratively with Major League Baseball and regulators, we can create new ways for fans to engage with the game while protecting the integrity of the sport.”