"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 [risks]."
"These markets - which contend they are not gambling, and involve the creation of futures contracts for users to not-bet against each other, and the broader market as a whole, on all kinds of specific things like sports, politics, entertainment, world events, etc. - are blowing up more and more every month."
"Much as was the case with daily fantasy and sports betting, you're going to see leagues get into the business both for the cash and for the protection of their IP."
Prediction markets have experienced explosive growth, with platforms like Polymarket and Kalshi leading a marketing expansion similar to daily fantasy sports and legalized sports betting. MLB has entered this space through an exclusive multi-year partnership with Polymarket, making it the only platform authorized to use team logos and marks. Simultaneously, MLB established a formal information-sharing agreement with the CFTC. Commissioner Rob Manfred emphasized that protecting game integrity remains the league's top priority, positioning the partnership as a means to establish clear boundaries and mitigate risks while engaging with the prediction-market community.
Read at Bleacher Nation
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