Wildfire Futures and Moral Hazard The 2026 wildfire season has been marked by devastating consequences for communities across the West Coast, with climate change bearing a significant portion of the blame.
Prediction markets have emerged as another concerning factor, allowing users to bet on various events, including wildfires.
Polymarket, a platform that facilitates betting on various events, has seen over $1 million in bets placed on major fires in California last year alone.