Major League Baseball Commissioner Rob Manfred has revealed that the league is exploring a new relationship with prediction market platforms as part of its integrity efforts.
Manfred made the announcement during meetings with team owners in Palm Beach, Florida, according to ESPN. The talks come while MLB is embroiled in a pitch-rigging scandal involving two Cleveland Guardians pitchers.
It is hoped that a partnership with a prediction market, despite them being under scrutiny by state gambling regulators, may enable MLB to better protect the integrity of the sport compared to traditional sportsbooks, Manfred said.
“We thought it was important for the owners to be updated on why prediction markets are different than sports betting – why we might want to consider being in be business with prediction markets in an effort to protect our integrity, to get the kind of protections we need,” Manfred said.
