Prediction platform Polymarket is on a partnership spree – a trend that continued this week, including a new deal involving Major League Baseball.
mlb announced it on thursday PolyMarket will be its official prediction market partner, a designation that will allow the site to gain exclusive access to official league data as well as use the MLB logo in its products. The announcement said the site would also receive “brand exposure” at games and through the league’s digital channels.
At the same time, MLB also signed a memorandum of understanding with Michael Selig, chairman of the Commodity Futures Trading Commission. The memorandum states that the agency, which is tasked with overseeing the prediction markets sites, and the league will share information related to baseball and prediction markets with each other.
Previously, MLB officials had expressed concerns about how prediction markets could impact game viewership. In a letter The league was referred to the CFTC last year addressed the need For an integrity framework that can regulate how prediction markets affect the game. MLB officials have created the new PolyMarket partnership to ensure the implementation of such integrity standards.
Once operations have been banned In America, Polymarket is on a hot streak from september till nowWhen the CFTC lowered previous regulatory hurdles, allowing the company to operate in the states. Since then, the company has announced major data partnerships with tech giants such as Google And Palantir, Also like sports partnership Major League Soccer And Major League HockeyAnd media companies.
