MLB Signs Agreement with CFTC and Polymarket to Protect Prediction Market Integrity

Major League Baseball (MLB) has announced a "Integrity Protection" agreement with the U.S. Commodity Futures Trading Commission (CFTC), and has also entered into a separate partnership with Polymarket to better manage the rapidly growing prediction market.

Commissioner Robert Manfred signed a memorandum of understanding with CFTC Chairman Michael Selig, emphasizing the need for increased oversight. MLB also designated Polymarket as the official prediction platform.

This move comes amid regulatory scrutiny of platforms like Polymarket and Kalshi in the U.S., including proposed legislation in Congress and state-level lawsuits related to unlicensed sports betting.

Previously, MLB warned players about the risks associated with prediction markets. The baseball season kicks off on March 26, with Polymarket listing several event contracts related to the season.