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Prediction Markets Let You Bet on Whether a Wildfire Will Bu…
Prediction Markets Let You Bet on Whether a Wildfire Will Burn Down Your Town
medium
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Wired
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Kylie Mohr
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5 Jul 2026 · 11:00 UTC
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Corporate Control
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1 min read
Summary
Prediction markets on wildfire disasters exemplify corporate financialization of climate catastrophes, creating perverse incentives that could increase harm to vulnerable populations while extracting profit from environmental collapse.
Wildfire survivors call fire-prediction markets “morally reprehensible” and worry they could increase the risk of arson.
financialization of disaster
perverse incentives
corporate exploitation
climate vulnerability
moral hazard
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