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“Offering bets on destructive wildfires threatens to minimize communities’ suffering all so the rich and powerful can profit,” the senators wrote in a letter to CFTC Chair Michael Selig.
Oregon senators warn prediction markets allowing betting on wildfires could incentivize arsonA public report urges the CFTC to ban prediction market contracts on destructive wildfires, raising concerns over public safety and potential arson.www.kptv.com