Reps. Whitesides, Gallagher, Salinas, Fong Introduce Bipartisan Legislation to Ban Betting on Wildfires on Prediction Markets
WASHINGTON D.C. – Today, Reps. George Whitesides (D-CA), James Gallagher (R-CA) Andrea Salinas (D-OR), and Vince Fong (R-CA) introduced the No Bets on Wildfires Act, a bill making it illegal to place bets related to wildfires on prediction markets. Over $1 million fire-related bets were wagered on Polymarket during...