Polymarket’s offshore platform offered event contracts on last year’s Los Angeles-area wildfires, pictured above, a move the company defended this week. Offering bets on destructive wildfires threatens to minimize communities’ suffering all so the rich and powerful can profit,” they added. Currently, no CFTC-regulated prediction market offers wildfire event contracts. They also asked what steps, if any, the agency plans to take regarding wildfire-related contracts offered in the United States, and how it intends to address similar markets operating offshore. Polymarket Doubles DownWhen approached by Bloomberg for comment, Polymarket defended wildfire contracts, framing them as a source of market-based forecasting information.