#ghouls

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Nonilex @Nonilex@masto.ai · Jul 17, 2026
#Ghouls People are making #wildfire bets on #PredictionMarkets. Experts say it could lead to disaster. When the Eaton fire swept through the LA neighborhood of Altadena last year, it claimed 19 lives & incinerated thousands of buildings—one of which was the home of Kaitlyn Trudeau’s grandfather. His house burned to the ground; he lost everything. But while he grappled with #trauma, others saw dollar signs in the #disaster. #ClimateChange #Profiteers https://www.cnn.com/2026/07/17/climate/betting-wildfires-polymarket-prediction-market-platforms
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Nonilex @Nonilex@masto.ai · Jul 17, 2026
Replying to @Nonilex@masto.ai
In Jan 2025, as the LA #wildfires raged, people placed bets on #Polymarket, one of the leading #PredictionMarkets. They waged money on how many acres the fires would consume, which locations the flames would reach & when they would be contained. It was “pretty dystopian,” said Trudeau, a California-based climate scientist, who works at the non-profit Climate Central. “It’s not just easy to start a fire—now there’s potentially a financial incentive.” #ClimateChange #Profiteers #Ghouls #disaster
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