"These markets risk creating perverse incentives, undermining public trust, and commodifying human suffering in ways that warrant careful scrutiny."

Democratic senators urge the CFTC to restrict prediction market contracts tied to wildfires, citing arson risks. Polymarket faces growing

Democratic senators led by Jeff Merkley urge the CFTC to restrict wildfire prediction market contracts, citing arson risks after $1.2M was

Fire experts warn such markets could incentivize arson.