safety
‘Profiting off misery.' Lawmakers push back on Polymarket bets on deadly LA wildfires
Summary by The Los Angeles Editorial Desk KNBC , as published by NBC Los Angeles (KNBC)
· August 11, 2026
· 1 min read
Photo: NBC Los Angeles (KNBC) · view original
Story provenance No corrections
Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page KNBC, as published by NBC Los Angeles (KNBC) Original story Read at the source Source published Aug 11, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Further details on this issue are available from the source, including a letter sent to the Commodity Futures Trading Commission chairman on August 3.
Lawmakers are speaking out against prediction market platforms that allowed users to bet on the outcome of recent wildfires in Los Angeles . The devastating fires, including the Palisades and Eaton fires, had a significant impact on the community, destroying homes and disrupting lives. A group of US senators, including Sens.
Alex Padilla and Adam Schiff, are pushing for regulations to prevent people from profiting from such disasters. They are demanding that measures be put in place to stop these types of bets, citing concerns about safety and potential arson. Further details on this issue are available from the source, including a letter sent to the Commodity Futures Trading Commission chairman on August 3.
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Category: safety Published: August 11, 2026 Source: NBC Los Angeles (KNBC) Reading time: 1 min
Frequently asked about this story
What is this story about? Lawmakers are speaking out against prediction market platforms that allowed users to bet on the outcome of recent wildfires in Los Angeles. The devastating fires, including the Palisades and Eaton…
When was this published? This article was first published on August 11, 2026 by NBC Los Angeles (KNBC) and curated for The Los Angeles readers.
Who reported this story? This story was reported by KNBC at NBC Los Angeles (KNBC). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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