Policy · 1h ago
Prediction Markets Let You Bet on Wildfire Risks
Kalshi and Polymarket now allow betting on whether wildfires will hit specific areas. Survivors call the markets morally reprehensible and fear they could incentivize arson. The platforms argue they provide valuable hedging tools for property owners.
Meridian48 take
The moral outrage is understandable, but the real concern is whether these markets actually increase arson risk or just expose uncomfortable truths about how we price disaster.
Read the full reporting
Prediction Markets Let You Bet on Whether a Wildfire Will Burn Down Your Town →
Wired
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