"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."
"MLB said in a statement Thursday it has a memorandum of understanding with Michael S. Selig, the chair of the Commodity Futures Trading Commission, to further protect the integrity of baseball by ensuring swift response to incidents and anticipating emerging trends more strongly."
"Under terms of the memorandum, MLB and the CFTC agreed to share information regarding the integrity of professional baseball and related prediction markets. Shared information will be treated confidentially. Designated representatives will meet regularly."
Major League Baseball has established a memorandum of understanding with the Commodity Futures Trading Commission and entered an official partnership with Polymarket to safeguard baseball integrity amid the growth of prediction markets. MLB Commissioner Rob Manfred emphasized that protecting on-field integrity remains the league's top priority while enabling fan engagement opportunities. Under the agreement, Polymarket gains exclusive access to MLB logos and official league data from Sportradar for its prediction market products. The CFTC and MLB will share confidential information regarding professional baseball integrity and prediction markets, with designated representatives meeting regularly. This partnership addresses concerns from sports leagues about prediction markets, which operate as derivative markets under CFTC jurisdiction rather than regulated sports books.
#mlb-integrity-protection #prediction-markets-regulation #cftc-partnership #sports-gambling-oversight
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