People are making wildfire bets on prediction markets. Experts say it could lead to disaster

Asia-Pacific Business Fri, 17 Jul 2026 19:54:24 GMT Moderate confidence — 67/100

When the Eaton fire swept through the Los Angeles neighborhood of Altadena last year, it claimed 19 lives and incinerated thousands of buildings — one of which was the home of Kaitlyn Trudeau’s grandfather.
His house burned to the ground; he lost everything.
But while he grappled with trauma, others saw dollar signs in the disaster.

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When the Eaton fire swept through the Los Angeles neighborhood of Altadena last year, it claimed 19 lives and incinerated thousands of buildings — one of which was the home of Kaitlyn Trudeau’s grandfather.
His house burned to the ground; he lost everything.
But while he grappled with trauma, others saw dollar signs in the disaster.

Sources: CNN