Betting on Chaos: The Dark Side of Wildfire Prediction Markets The recent launch of Wyldfyre, a prediction market platform focused on California wildfires, has sparked controversy about the intersection of finance and disaster risk.
As wildfire seasons intensify across the West, platforms like Polymarket and Wyldfyre are capitalizing on speculation around these catastrophic events.
This raises fundamental questions: is this crowdsourced forecasting or mere voyeurism?