this post was submitted on 04 Aug 2026

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Senators demand crackdown on wildfire "prediction markets" (arstechnica.com)

submitted 3 weeks ago by floofloof@lemmy.ca to c/news@lemmy.world

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[–] turmacar@lemmy.world 8 points 2 weeks ago (1 child)

They're trying to say that the guess of the "prediction market" will give early warning to evacuate.

It's been one of their "We're not gambling" defenses but applying it to wildfires really highlights how bonkers it is.

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[–] vala@lemmy.dbzer0.com 5 points 2 weeks ago (1 child)

This is what I thought but I was hoping that was way too stupid to be real.

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[–] joe@lemmy.world 5 points 2 weeks ago

It intentionally ignores the very real scenario where someone ~~places a bet~~ predicts that a fire will start and then goes out and starts the fire to ~~win that bet~~ have a correct prediction.

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