MLB to limit pitch prop bets to $200 at authorized sportsbooks

In a significant move to uphold the integrity of baseball, MLB has set a $200 limit on pitch prop bets at authorized sportsbooks. This decision, announced on October 23, 2023, comes in the wake of a federal indictment that raised concerns about betting practices within the league. By implementing this cap, MLB seeks to mitigate potential risks associated with gambling and ensure that the sport remains fair and transparent. This action reflects a broader trend in professional sports to regulate betting activities more stringently, particularly in light of legal challenges and scrutiny surrounding gambling in sports.