Senators demand crackdown on wildfire "prediction markets"

But its primary rival, Polymarket, has taken a different approach. A spokesperson for Polymarket told Ars in an emailed statement that the company does not “profit from outcomes,” adding that people “come to Polymarket for information.” “While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most,” he wrote. In the same email, the spokesperson also noted “on background”—a condition to which Ars did not agree—that “Polymarket does not currently have any markets on wildfires and has not for some time.” The spokesperson declined to respond to Ars’ follow-up questions about whether Polymarket was claiming that, by definition, it provides “the most accurate information” to people ex