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The Independent UK
The Independent UK
Rachel Dobkin

Prediction market betting may influence arson as several states see unprecedented wildfires, Senators warn

Polymarket Michael Selig Oregon The Commodity Futures Trading Commission

A group of Democratic US senators has warned that betting on wildfires may increase the risk of arson as several states fight unprecedented blazes.

The boom of prediction markets, where people can bet on the outcome of future events, and the prevalence of wildfires are raising concerns about whether betting on natural disasters could drive criminal activity.

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