Polymarket faces backlash over ‘sick’ California wildfire markets
Polymarket is facing backlash over its “disgusting” prediction markets that are currently betting on the outcomes of the ongoing California wildfires. The fires started in the Hollywood hills on Wednesday and spread across Los Angeles. A total of five deadly fires have caused the evacuation of over 137,000 people and the deaths of five. Multiple Polymarket users have used the opportunity to create various prediction markets on the spread of the fire, when it will be contained, and potential political resignations. The volume has reached almost $100,000 in some of the markets. Some of the wildfire markets currently on Polymarket. Read more: LA wildfires threaten crypto companies in southern California However, many online aren’t impressed with the markets and Polymarket’s promotion of them. “Betting on a wildfire is sick,” claimed one X user, while another said that betting on such a tragedy “is unarguably uncouth beyond fucking measure.” Some users raise...