Critics have called it unethical and pointed out that people might start fires to collect on bets. On the other hand, prediction markets can highlight risk and change behaviors in the real world.
In late December, Colorado’s largest utility shut off power to thousands of customers. Xcel Energy said a downed power line could have ignited a wildfire. Instead, the shut-off sparked a backlash.
Pauline Gray’s house burned down in the LA fires. She lost everything. But she’s a planner — and determined to stay positive through the rebuilding process.