Polymarket continues its partnership spree with a Major League Baseball deal


Prediction platform Polymarket has been on a partnership spree — a trend that continued this week, with a new deal involving Major League Baseball.

MLB announced Thursday that Polymarket would be its official prediction market partner, a designation that will allow the site to gain exclusive access to official league data as well as to use MLB logos in its products. The site will also receive “brand exposure” at games and through the league’s digital channels, the announcement notes.

At the same time, MLB also signed a memo of understanding with Commodity Futures Trading Commission Chairman Michael Selig. The memo states that the agency, which is tasked with overseeing prediction market sites, and the league will share information with one another related to baseball and prediction markets.

Previously, MLB officials had expressed concern for how prediction markets might impact sports audiences. In a letter to the CFTC sent last year, the league noted the need for an integrity framework that could regulate how prediction markets impact the game. MLB officials have framed the new Polymarket partnership as a way to ensure the enforcement of such integrity standards.

Once banned from operation in the U.S., Polymarket has been on a hot streak ever since September, when the CFTC eased previous regulatory roadblocks allowing the company to operate stateside. Since then, the company has announced major data partnerships tech giants like Google and Palantir, as well as sports partnerships with like Major League Soccer and Major League Hockey, and media companies.



Source link

  • Related Posts

    Meta on trial over child safety: can it really protect its next generation of users? | US news

    Meta is facing a reckoning over its child safety practices as a trial surfaces fresh allegations that the company prioritized profit incentives and engagement over protecting children. The landmark trial…

    DoorDash will start paying gig workers for creating content to train AI models

    DoorDash has launched a new option for its gig economy workers to earn some extra cash. The delivery service introduced Tasks, which it describes as “short activities Dashers can complete…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Hamilton set to have AHL team again as New York Islanders plan affiliate’s move from Bridgeport, Conn.

    Hamilton set to have AHL team again as New York Islanders plan affiliate’s move from Bridgeport, Conn.

    Meta on trial over child safety: can it really protect its next generation of users? | US news

    Meta on trial over child safety: can it really protect its next generation of users? | US news

    Canada, allies say they’re ready to help stop Iran’s shipping blockade

    Canada, allies say they’re ready to help stop Iran’s shipping blockade

    Brent crude briefly tops $119 per barrel, before receding, and shakes stock markets worldwide

    Brent crude briefly tops $119 per barrel, before receding, and shakes stock markets worldwide

    ‘The Highest Stakes’ Trailer | Moviefone

    ‘The Highest Stakes’ Trailer | Moviefone

    Video Trump compares US strike on Iran to Pearl Harbor