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Betting on Wildfires Sparks Outrage | Sacramento News
Wildfires are now being gambled on—people are betting big on when they’ll start, how far they’ll spread, and which homes will burn. Platforms like Kalshi and Polymarket are fueling this trend, sparking outrage from lawmakers including Senators Schiff and Padilla, who call it morally wrong to profit from disaster. Survivors like Lizz Porter say it’s deeply offensive, especially as wildfire threats already weigh heavily on communities. Lawmakers also fear arson incentives, urging regulators to act before it’s too late—potentially banning all betting on natural disasters under new rules. The…
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