Reported about 9 hours ago
Prediction markets are pushing the boundaries of acceptable bets, recently allowing wagers on the Los Angeles wildfires and other controversial topics. Platforms like Polymarket, which operates outside U.S. regulation, have drawn criticism for their 'ghoulish' contracts, while regulated competitors like Kalshi face legal constraints yet continue to experiment with bold offerings. Amid a decline in traditional betting volumes, these sites are increasingly motivated to attract users with unconventional bets, raising ethical questions about speculative gambling during disasters.
Source: YAHOO