Event Brief
UPDATED Aug 12, 2026 at 8:00 PM ET
Aug 10, 2026 at 9:00 PM ET
Senators seek stop to wildfire betting markets
By The BriefBrief
Padilla and Schiff urge online platforms to halt wildfire betting markets after $1.2M in bets during 2025 SoCal fires.
WHO: Sen. Alex Padilla, Sen. Adam Schiff, and seven other U.S. senators
WHAT: Call for online trading platforms to stop offering wildfire-related betting markets
WHEN: Aug 10, 2026 at 8:11 PM ET
WHERE: California
WHY: Lawmakers say wildfire betting markets profit from disaster and could create harmful incentives after $1.2M in bets during 2025 SoCal fires.
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