Democrat Senators Warn Prediction Markets Allowing Bets on Wildfires Threaten Public Safety
truthout.org
The prediction market website Polymarket had $1.2 million in bets placed on Los-Angeles area wildfires in 2025.

Several Democratic senators have sent a letter to Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), expressing deep concern about online prediction gambling markets allowing bets on wildfires. The letter, sent earlier this week, notes that Polymarket — an online prediction gambling website — allowed users to bet on several questions relating to the Palisades and Eaton…

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