Democratic lawmakers are sounding the alarm over betting on natural disasters, arguing that it both increases the risk of criminal activity and is morally wrong

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.