These markets risk creating perverse incentives, undermining public trust, and commodifying human suffering in ways that warrant careful scrutiny,” the lawmakers continued. Allowing prediction markets on wildfires is outrageously dangerous and will incentivize bad actors to spread or even start fires themselves. Does the CFTC have any plans to curb bets on wildfires on prediction markets in the United States? “As the United States faces yet another record-breaking fire season this year, the [CFTC] cannot allow these prediction markets to offer unrestricted betting on wildfires,” the senators stressed. In addition to wildfires, Polymarket users can place wagers related to earthquakes, hurricanes, and volcanic eruptions.