Lawmakers are speaking out against a prediction market platform where users can place bets on disasters. A recent example is the 2025 wildfires in Los Angeles, where over $1 million was wagered on the outcome. The wildfires had a significant impact, destroying homes and affecting communities.

Users on the platform placed bets on questions related to the fires, such as the total area burned. Further details on the lawmakers' response and the platform's activities are available from the source, including a letter sent to the Commodity Futures Trading Commission chairman by nine US senators, including Sens. Alex Padilla and Adam Schiff.