MLB partners with CFTC and Polymarket on prediction markets

Major League Baseball (MLB) has entered into agreements with the Commodity Futures Trading Commission (CFTC) and Polymarket regarding prediction markets. According to CoinDesk, MLB signed a memorandum of understanding (MOU) with the CFTC to share information aimed at enhancing consumer protection. Simultaneously, it secured an exclusive prediction market partnership with Polymarket. This marks the first-ever agreement between a U.S. derivatives regulator and a professional sports organization. CFTC Commissioner Michael Selig said the MOU will help the agency protect markets and users from fraud, manipulation, and other abuses, describing it as a measure to promote the integrity and stability of professional baseball prediction markets.