"Owners were briefed this week at their quarterly meetings about the possibility of partnering with Polymarket and Kalshi, federally regulated markets that allow wagering in an endless array of areas, including sports. MLB's partnerships with sports gambling companies give it access to the sort of data that tied Guardians closer Emmanuel Clase and starter Luis Ortiz to irregular betting patterns last year and wound up in their arrests."
"We thought it was important for the owners to be updated on why prediction markets are different than sports betting - why we might want to consider being in be business with prediction markets in an effort to protect our integrity, to get the kind of protections we need. The regulatory framework, very different. Obviously state by state on the sports betting side, federal on the prediction markets side."
Major League Baseball has developed extensive relationships with gambling companies integrated into broadcast experiences. However, two former Cleveland Guardians players, Emmanuel Clase and Luis Ortiz, were indicted for allegedly rigging bets on individual pitches. Both faced charges including wire fraud conspiracy, honest services wire fraud, conspiracy to influence sporting contests by bribery, and money laundering. MLB now considers partnering with federally regulated prediction markets Polymarket and Kalshi. Commissioner Rob Manfred argues these prediction markets differ from sports betting due to federal regulation and integrity protections. This proposed partnership raises concerns about messaging following the recent gambling scandal, though other major sports leagues have faced similar issues.
Read at Dodger Blue
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