As survivors flee wildfires, online gamblers are wagering how far the flames will spread—and how much destruction they’ll cause.

Forget for a moment that it’s morally disgusting to let people bet on wildfires; people have already spent $1.2 million doing it. The real question is when someone will commit…

The platform, called Wyldfyre, claims it will "harness the wisdom of crowds" to improve wildfire forecasting. Experts argue that the risks outweigh the rewards.