According to BeInCrypto, nine U.S. senators, including Jeff Merkley, have written to the CFTC, urging restrictions and consideration of a ban on wildfire event contracts. The letter states that prediction markets have accepted over $1.2 million in bets on the 2025 Palisades and Eaton wildfires. Such markets could incentivize participants to influence outcomes through arson or fire intervention, posing risks to public safety and insider trading. (wublock123.com)/news/news-65841