In a letter dated March 7, MLB EVP of Legal and Operations Bryan Seeley stressed that, “as the resemblance between sports event contracts and traditional sports betting markets continues to grow, so too does the need to replicate the integrity and consumer protections that exist at the state level.”
The executive noted that, while leagues have partnered with sportsbooks, regulators and integrity monitoring firms to track betting activity, he does not know of any stipulation that requires prediction markets such as Kalshi and Crypto.com to notify leagues of potential integrity threats or share data for integrity purposes.
“MLB has been advised that some exchanges and brokers take the position that they are not even permitted to share information with MLB under current CFTC regulations,” add..