‘That was fun.’ As L.A. burned, online gamblers bet on how much the fires would destroy
https://www.latimes.com/california/story/2026-08-18/polymarket-kalshi-wildfire-markets
https://www.latimes.com/california/story/2026-08-18/polymarket-kalshi-wildfire-markets
4 Comments
shweddy@lemmy.world · 12 pts · 15d
Everyone who bet on the fires should be investigated for arson
best_redditor@leminal.space · 5 pts · 15d
or for insider trading that's for sure
best_redditor@leminal.space · 3 pts · 15d
"Prediction market platforms have exploded in popularity in recent years, facing condemnation from lawmakers and others who argue the sites commodify human suffering and, in some cases, incentivize wrongdoing. Proponents argue that the markets, their term for a question you can bet on, provide a more accurate snapshot of public opinion than traditional polls because of the financial incentives. "
"Amid the scrutiny, the public’s hunger for event contracts doesn’t show signs of slowing. A new prediction market site specifically focused on California wildfires was launched early this year, according to Wired, with the tagline: “You can’t predict wildfire. But you can trade on it.” The site does not appear to be active as of this week."
why don't these gamblers go to squid game, might as well add the vip as polymarket for all i care 😑
lemmyng@lemmy.world · 3 pts · 15d
At least with Squid Game, these guys have a chance of dying.