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MLB signs CFTC memorandum on prediction market integrity

Regulation

Major League Baseball signed a memorandum of understanding with the Commodity Futures Trading Commission on prediction market integrity, according to the league and regulator statements cited in the report. The agreement provides for cooperation and information exchange related to baseball markets. MLB also partnered with Polymarket, but the report does not specify the partnership’s commercial terms.

The memorandum sets a framework for cooperation on integrity risks in baseball-related prediction markets.

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Regulation

CFTC signs sports-market oversight agreement with MLB in the US

The CFTC has signed a memorandum of understanding with Major League Baseball to monitor sports prediction markets in the US, chairman Michael Selig said at a Washington conference this week. The regulator is also discussing cooperation with other major leagues to identify suspicious trading and potential insider activity; the CFTC says prediction markets and sportsbooks operate under different regimes.

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