Event Brief
US senators urge CFTC crackdown on wildfire prediction bets
Filed: Aug 04, 2026 at 7:00 PM ET
Summary: Several US senators ask the CFTC to crack down on prediction markets offering contracts on wildfires.
WHO: Several US senators
WHAT: Sent a letter to the Commodity Futures Trading Commission (CFTC) asking about plans to crack down on wildfire prediction markets
WHEN: Aug 04, 2026 at 5:52 PM ET
WHERE: USA
WHY: The senators said bets on destructive wildfires could minimize suffering and incentivize arson and other interference for successful bets.
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