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Wildfires as Wagers Spark Ethical Crisis | Portland News
Description
Oregon’s senators and a public coalition are demanding the CFTC shut down betting on wildfires after platforms like Polymarket raked in $1 million wagering on deadly California blazes that killed 31 and destroyed 16,000 homes. Critics warn these bets trivialize tragedy, incentivize arson, and risk insider trading — with a new platform openly advertising “You can’t predict fire, but you can trade on it.” As fire season looms, advocates urge regulators to act before these dangerous contracts spread nationwide.
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