Major League Baseball has announced two separate agreements aimed at managing its presence in prediction markets. The league signed a memorandum of understanding with Commodity Futures Trading Commission Chair Michael Selig and named Polymarket as its Official Prediction Market Exchange. Commissioner Robert Manfred described the deals as necessary steps in managing the rapidly growing sector.
The announcements come as federal and state lawmakers scrutinize prediction market platforms. Congress has proposed legislation targeting Polymarket over bets linked to military conflicts, while both Polymarket and Kalshi face state-level lawsuits for offering sports betting without a license.
MLB had previously warned players and clubs in August that league gambling rules apply to prediction markets. In November, two Cleveland Guardians pitchers were charged with sharing inside information with sports bettors. The baseball season opens on March 26.
Originally reported by CoinTelegraph.
