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Betting on Natural Disasters | Fort Wayne News
Prediction markets are betting on weather disasters—hurricanes, tornadoes, even freak temperature spikes—with platforms like Kalshi and Polymarket seeing explosive growth. These markets aggregate real-time intelligence, letting informed traders influence odds and reveal probabilities. But critics warn it turns human suffering into a gamble, especially with wildfire bets that could incentivize harm. While some wins have sparked investigations, regulators remain cautious. As financial firms eye these markets for risk pricing, the big question lingers: can we ethically put a price on events that…
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