Could betting on the next wildfire actually make one more likely?

2 months ago 12
Lawmakers and researchers are questioning whether prediction markets tied to natural disasters could encourage dangerous behavior by allowing participants to profit from wildfire outcomes and other catastrophic events. (AP Photo/Lindsey Wasson)

A growing debate over prediction markets is drawing scrutiny from lawmakers, researchers and regulators who warn that allowing people to profit from natural disasters could create dangerous incentives and new public safety risks.

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