Major League Baseball has finalized a multiyear prediction markets deal. MLB and Polymarket agreed to establish the platform as the official prediction market exchange for the league. This partnership marks a significant entry into the sector for the organization as it seeks to manage the growing popularity of event contracts. Alongside the commercial deal, the league has signed a memorandum of understanding with the Commodity Futures Trading Commission to create a framework for information sharing and market oversight. The collaboration between MLB and Polymarket provides the exchange with exclusive rights to use league trademarks and logos within its products. Polymarket…

The possibility of having Major League Baseball in Las Vegas seemed unlikely six years ago. While giving a deposition in a New Jersey sports betting case, then-Major League Baseball Commissioner Bud Selig spoke steadfastly against ever placing a franchise in Las Vegas and railed against gambling as “evil.” Today, a group is working with investors to build a stadium and bring a major-league team to Las Vegas. Those efforts come as Selig’s successor, Rob Manfred, calls Las Vegas a viable market for the sport and baseball’s decision-makers descend on the city for the league’s Winter Meetings at Mandalay Bay from…