California lawmakers call for crackdown on wildfire betting
Headline from KTLA Los Angeles
With recent wildfires causing widespread destruction in Southern California, how would you feel about someone profiting off of the devastating loss of your home or community? It turns out, people are placing bets on wildfires on prediction markets like Polymarket, and now California lawmakers are ca…
KTLA Los Angeles's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Brady Halbleib Wagering on wildfires — that’s what some people are doing on prediction markets. People are betting on when a wildfire could start, how long it will last, how far it will spread and even whether homes will burn.
By Brady Halbleib Wagering on wildfires — that’s what some people are doing on prediction markets. People are betting on when a wildfire could start, how long it will last, how far it will spread and even whether homes will burn.
In response to an estimated $1.3 million in bets placed predicting the outcome of the California wildfires, lawmakers are urging platforms to impose guardrails wildfire-related event contracts
With recent wildfires causing widespread destruction in Southern California, how would you feel about someone profiting off of the devastating loss of your home or community? It turns out, people are placing bets on wildfires on prediction markets like Polymarket, and now California lawmakers are ca…
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