US senators urge CFTC to crack down on wildfire prediction markets

5th August, 2026

Narayani Srinivasan
Forest fire

The lawmakers warned that event contracts on wildfire pose serious public safety hazards, insider trading risks and perverse financial incentive.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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