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Senators Demand Action on Wildfire Betting | Santa Fe News
Description
Democratic senators, led by Senator Martin Heinrich, are sounding the alarm over prediction markets that let people bet on disasters like wildfires, warning they trivialize suffering and could even incentivize arson. Last year, these markets generated over a million dollars in bets as fires killed lives and destroyed homes — prompting lawmakers to demand federal oversight and action to stop profiting off human tragedy.
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