Senators oppose gambling on wildfire outcomes, but the financial sector rewards amoral wagers
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Senators oppose gambling on wildfire outcomes, but the financial sector rewards amoral wagers
News Editor
Published
August 12, 2026 6:30AM (EDT)
Federal market regulators are being urged to set new rules to prevent gamblers from profiting and potentially encouraging…
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"These markets risk creating perverse incentives, undermining public trust, and commodifying human suffering in ways that warrant…
Democratic lawmakers are sounding the alarm over betting on natural disasters, arguing that it both increases the risk of…
As survivors flee wildfires, online gamblers are wagering how far the flames will spread—and how much destruction they’ll cause.
Democratic lawmakers say wildfire event contracts on prediction markets create risks of arson, insider trading, and disaster…
