Major League Baseball on Thursday announced it was naming Polymarket its official prediction market partner. The association also signed a memorandum of understanding with Commodity Futures Trading Commission Chairman Michael Selig.
According to the announcement, Polymarket and its brokers will gain exclusive access to MLB logos and official data and receive "brand exposure" across league events. The MLB said the agreement will include a "comprehensive integrity framework."
"Polymarket is about bringing fans closer to the moments that define sports," Polymarket CEO Shayne Coplan said in a statement. "By working collaboratively with Major League Baseball and regulators, we can create new ways for fans to engage with the game while protecting the integrity of the sport."
Under the agreement with Selig, the MLB said it established a "clear intent" to share information with the CFTC related to prediction markets. While Polymarket will have exclusive rights, the MLB said it will retain relationships with other prediction market exchanges that offer baseball contracts.
Polymarket and MLB also said they would work together to "restrict markets that present an integrity risk to MLB, such as individual pitches, manager decisions, and umpire performance, among others," adding that Polymarket would restrict event contracts that pose an "integrity risk" to the game.
