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Source: CNN
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Prediction markets are being used to wager on wildfire outcomes, including the extent and timing of California fires, raising concerns among experts. These platforms allow participants to trade on future events, with some betting on climate disasters, which critics say could incentivize arson and diminish the perceived severity of fires. While proponents argue these markets can provide valuable information, critics worry about ethical implications and potential manipulation, especially since humans can directly influence wildfires. Authorities currently do not rely on such markets for fire prediction and are considering regulations to address these risks.
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