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wildfire betting markets

Coverage of wildfire betting markets in the Nexus archive.

Earliest in view: Aug 11 · 01:57 UTCMost recent: Aug 11 · 01:57 UTC

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POLITICSAug 11 · 01:57 UTCABC7 CHICAGO
Senators urge halt to wildfire betting markets after $1.2M in bets placed during 2025 SoCal fires
California Senators Alex Padilla and Adam Schiff, along with seven other U.S. senators, are calling for online platforms to halt offering betting markets tied to wildfires. They argue that this practice profits from disaster and could create harmful incentives, following an instance where $1.2M in bets were placed during 2025 SoCal fires.