Market News: Wildfire Bets: Profit From Disaster?

The Eaton Fire ripped through Altadena, California, in January 2025, destroying Sylvie Andrews' home and a decade of sacrifice. But a new, morally reprehensible trend has emerged: prediction markets allowing bets on wildfires. Critics slam the practice as profiting from tragedy, exploiting communities already devastated by climate change. Is this the new face of financial speculation, or a line society refuses to cross? The market for disaster is booming, but at what cost?