Padilla and Schiff criticize prediction-market wagers tied to LA wildfires, citing safety and arson concerns.
WHO:Sens. Alex Padilla and Adam Schiff; nine U.S. senators; Polymarket users; John Ford
WHAT:Lawmakers demand “guardrails” after prediction-market bets were placed on deadly Los Angeles wildfires and related outcomes.
WHEN:Aug 11, 2026 at 1:29 AM ET
WHERE:Los Angeles, CA
WHY:Wagers were placed on wildfire impacts while communities faced destruction, raising concerns about people profiting from deadly disasters and potential safety/arson risks.
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