
According to the CFTC, its first memorandum of understanding with MLB is designed to support information sharing on professional baseball prediction markets and address fraud, manipulation and related misconduct.
Major League Baseball previously said it named Polymarket its official prediction market exchange partner and signed a memorandum of understanding with the U.S. Commodity Futures Trading Commission to help protect baseball integrity. The new update adds that, according to the CFTC’s official announcement, the memorandum is the regulator’s first such agreement with a professional sports league and is specifically intended to coordinate information sharing on professional baseball prediction markets. The agreement targets fraud, market manipulation and other misconduct, adding more detail to how the CFTC and MLB plan to oversee integrity risks tied to these markets.