Friday, Reps. George Whitesides (D-CA), James Gallagher (R-CA), Andrea Salinas (D-OR), and Vince Fong (R-CA) introduced the No Bets on Wildfires Act, a bill that would make it illegal to place bets related to wildfires on prediction markets. Over $1 million in fire-related bets were wagered on Polymarket during the devastating wildfires that swept through ...
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