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US Senate Commerce Committee seeks MLB betting-fraud records by 5 December

Regulation

The US Senate Commerce Committee opened an investigation into allegations that Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz manipulated pitches to affect betting outcomes. Chair Ted Cruz and ranking member Maria Cantwell asked Major League Baseball to provide its monitoring and investigation records by 5 December, including when it identified the alleged conduct.

The inquiry may bring closer scrutiny of leagues’ processes for detecting betting-related manipulation.

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Deals & M&A

MLB names Polymarket exclusive prediction market exchange partner

Major League Baseball named Polymarket its exclusive prediction market exchange partner and signed a memorandum of understanding with the Commodity Futures Trading Commission, according to the announcement. The agreement provides for information-sharing and cooperation on integrity issues, while Polymarket will receive exclusive access to MLB marks and logos for its products. MLB said it intends to establish integrity relationships with other prediction market exchanges offering baseball contracts.

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