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Major League Baseball has announced an exclusive partnership with Polymarket, a leading prediction market platform. Analysts say the deal signals a broader and growing intersection between professional sports and prediction markets, going beyond simple financial gain. Bloomberg's "Everybody's Business" podcast hosts discussed why the partnership is strategically significant for both industries.

MLB has announced an exclusive partnership with Polymarket, adding momentum to the fast-growing intersection of sports and prediction markets. On this episode of the Everybody's Business podcast, hosts Max Chafkin and Stacey Vanek Smith discuss the recent announcement and why it's more than just about money. (Source: Bloomberg)