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Wildfire Bets Spark Political Alarm | Spokane News
Oregon’s wildfire season is already catastrophic, with over two million acres burned, but lawmakers are sounding the alarm on a darker trend: prediction markets where people bet on disaster outcomes like fire size or duration. Senators Ron Wyden and Jeff Merkley, alongside other affected state representatives, have demanded the Commodity Futures Trading Commission shut these markets down, warning they could incentivize or even encourage wildfires for profit. Platforms like Polymarket have seen millions wagered—over $1 million alone on LA fires in 2025—turning destruction into gambling. These…
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