US Senators Push to Ban Wildfire Prediction Markets Over Arson Fears

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A group of US Senators is calling for a crackdown on prediction markets that allow people to bet on wildfire outcomes. Fire experts have raised concerns that such markets could financially incentivize individuals to start fires. The senators argue that allowing monetary gains tied to wildfire events poses a serious public safety risk. The push comes amid growing scrutiny of speculative markets that intersect with real-world disasters.

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