safety
Prediction markets allow people to bet on wildfires. Experts fear it will fuel arson
By CNN Newsource at KVIA ABC-7
· July 17, 2026
· 7 min read
By Laura Paddison, CNN
(CNN) — 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 ...
Key takeaway In January 2025, as the LA wildfires raged, people placed bets on Polymarket, one of the leading prediction market platforms.
Why this matters in The El Paso
In El Paso , where dry conditions and strong winds can quickly turn a small fire into a large one, the concept of betting on wildfires is particularly concerning. The city's experience with wildfires, such as those that have threatened the Franklin Mountains, underscores the need for vigilance and responsible behavior. Allowing people to bet on the outcome of wildfires could create a perverse incentive for arson, which would put residents and firefighters at risk. El Paso's emergency management officials and firefighters work hard to prevent and respond to wildfires, and the introduction of prediction markets could complicate their efforts. As the city continues to grow and develop, it's crucial to prioritize public safety and prevent any activities that could increase the risk of wildfires, including the potential for financially motivated arson.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: July 17, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 7 min
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Frequently asked about this story
What is this story about? By Laura Paddison, CNN
(CNN) — 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 ...
When was this published? This article was first published on July 17, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The El Paso, or browse our daily briefing and topic hubs .
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