MLB strikes deals with Polymarket, federal watchdog as prediction markets boom
Quick Insights
The Bottom Line
Major League Baseball partnered with Polymarket and a federal regulator as prediction markets gain popularity.
AI Summary
Major League Baseball announced Thursday it has partnered with Polymarket to become the league's "Official Prediction Market Exchange" and reached a separate agreement with a federal regulator overseeing such platforms. The deal marks MLB's formal entry into the prediction market space, which has grown rapidly as bettors wager on outcomes ranging from sports to politics on decentralized platforms. By establishing an official partnership and securing regulatory approval, MLB is legitimizing prediction markets while potentially positioning itself to benefit from commissions or licensing fees as the sector expands. The agreement suggests federal regulators are willing to work with established organizations on prediction market frameworks, potentially signaling a path toward broader mainstream adoption of the platforms.
What's Being Done
MLB announced an exclusive business partnership with Polymarket and a separate agreement with a federal regulator.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
Government TransparencyWith boom in prediction markets, some lawmakers worry about how to police themselves
House and Senate ethics committees give no financial disclosure guidance on event contracts or prediction markets — unlike stock, cryptocurrency and bond trades.
FinanceRising concerns that prediction markets are bypassing state gambling laws
As prediction markets explode in popularity, there are concerns they may bypass state gambling laws. On Tuesday, Arizona's attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. Jo Ling Kent reports.
National Security'Gruesome' war bets fuel calls for crackdown on prediction markets
Predictions markets have hosted millions of dollars of bets related to the war in Iran.
PoliticsUS lawmakers Murphy, Casar push legislation to regulate prediction markets
The legislation aims to prevent bets made based on insider knowledge of wars, economic policy and controllable events.
FinanceNew economic projections signal a tricky Federal Reserve path
<p>The Federal Reserve will almost certainly hold rates steady, but fresh economic projections and other communications due out Wednesday afternoon will show how the central bank is absorbing two uncomfortable realities at once.</p><p><strong>Why it matters: </strong>The energy shock from the Iran war adds a new factor to the Fed's complicated calculus. Inflation is running hotter than expected, even before the war's impact materializes in the data. Labor market data has been grim, and it's unclear how a sustained oil shock could weigh more heavily on the economy.</p><hr><ul><li>Whatever the projections show will set the table for Fed chair Jerome Powell's successor, Kevin Warsh.</li></ul><p><strong>What they're saying: </strong>"The new dot plot likely will indicate that most members retain a bias to ease policy this year and in 2027," Sam Tombs, chief U.S. economist at Pantheon Macro, wrote in a client note.</p><ul><li>But Tombs cautioned that "the biggest risk to markets" is if n...
Government Transparency98-year-old federal judge suspended for mental fitness appeals to Supreme Court
Pauline Newman, a 98-year-old federal appeals judge suspended by her colleagues over concerns about her mental fitness, has asked the Supreme Court to step into her fight to resume hearing cases, her lawyers said Thursday. Three years ago, Newman’s fellow judges at the U.S. Court of Appeals for the Federal Circuit prevented her from taking…
Company admits it diverted private patient records to law firms
The nation’s largest health records company, Epic Systems, sued firms including GuardDog Telehealth, alleging they improperly accessed personal medical records.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Race on to establish globally recognised 'AI-free' logo
Biggest wildfire in Nebraska history continues to burn out of control - abcnews.com
TikTok and Meta risked safety to win algorithm arms race, whistleblowers say
Defense official reveals how AI chatbots could be used for targeting decisions
Bank of America reaches proposed, non-binding settlement in Jeffrey Epstein suit
