Legislators introduce bipartisan bill to ban betting on wildfires on prediction markets
Legislators introduce bipartisan bill to ban betting on wildfires on prediction markets
Source: The Signal
Date: 11/10/2026 4:46pm
Article Summary:
Bipartisan Bill Seeks to Ban Betting on Wildfires on Prediction Markets
A bipartisan group of four lawmakers has introduced the No Bets on Wildfires Act, which would prohibit registered prediction-market entities from offering or clearing transactions involving wildfires. Rep. George Whitesides’ office said more than $1 million was wagered on fire-related outcomes during the 2025 Los Angeles wildfires, raising concerns that such bets could create incentives to influence fires.
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Date: 11/10/2026 4:46pm
Article Summary:
Bipartisan Bill Seeks to Ban Betting on Wildfires on Prediction Markets
A bipartisan group of four lawmakers has introduced the No Bets on Wildfires Act, which would prohibit registered prediction-market entities from offering or clearing transactions involving wildfires. Rep. George Whitesides’ office said more than $1 million was wagered on fire-related outcomes during the 2025 Los Angeles wildfires, raising concerns that such bets could create incentives to influence fires.
Read article here »