Wildfire Speculation: A Recipe for Disaster As the Pacific Northwest continues to burn, a disturbing trend has emerged in online wagering: prediction markets that allow bets on wildfires.
Several US senators have taken notice and penned a scathing letter to the Commodity Futures Trading Commission (CFTC) demanding action.
The letter, signed by senators from Oregon, California, Nevada, Minnesota, and New Hampshire, rebukes these platforms for allowing individuals to bet on devastating wildfires.