"Many pro sports leagues, including MLB, have aligned with traditional sportsbooks in recent years. But the sudden rise of the prediction markets, fueled by millions of traders eager to place yes or no wagers on sports and other real-world events, has opened a new front that a number of leagues have opted to no longer ignore."
"The deal came at a time when the MLB was still dealing with a betting scandal involving one of its star players. Months earlier, Cleveland Guardians closer Emmanuel Clase as well as fellow Guardians pitcher Luis Ortiz was charged for his alleged role in a betting operation. The two were accused of fixing pitches for money."
Major League Baseball announced a multi-year licensing agreement with Polymarket, a prediction market platform. The deal grants Polymarket exclusive access to MLB's data and iconography, allowing the platform to offer yes-or-no wagers on baseball events. This partnership reflects a broader trend among professional sports leagues responding to the rapid growth of prediction markets, which have attracted millions of traders. The agreement comes amid ongoing betting scandals in baseball, including investigations into Cleveland Guardians players Emmanuel Clase and Luis Ortiz for alleged pitch-fixing, and the lifetime ban imposed on former San Diego Padres infielder Tucupita Marcano for placing approximately 400 bets between 2022 and 2023.
#mlb-prediction-markets #polymarket-partnership #sports-betting-regulation #baseball-betting-scandals
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