RegulationiGaming Today · 9h ago
Baumgartner Bill Would Ban Wildfire Betting on Prediction Markets
By Mihaela Gracanin•August 21, 2026
The brief
A new federal bill would make it illegal for prediction-market operators to offer contracts tied to wildfires, as lawmakers confront a practice that has already drawn scrutiny over the possibility of turning disasters into financial bets. Rep. Michael Baumgartner, a Republican from Spokane, introduced the Wildfire Eve…
Original report
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