The deadly California wildfires that have claimed lives, destroyed communities, and forced thousands to flee their homes to safety have spurred Polymarket gamblers to wager on the

An American prediction market platform is allowing users to place bets on deadly wildfires in the Los Angeles area.

Blockchain-based predictions platform Polymarket has been criticized for allowing users to bet on the Palisades wildfire in California. The wildfire, which has forced nearly 200,000 to evacuate, killed five people,

The U.S. Commodity Futures Trading Commission is said to be seeking information about customers' interactions with the prediction market site Polymarket.

The crypto betting platform is banned in the U.S. but gained increased prominence during the 2024 U.S. presidential election.

The Commodity Futures Trading Commission (CFTC) reportedly issued a subpoena to American crypto exchange Coinbase as part of an ongoing probe of the decentralized prediction market platform Polymarket.