Would you bet on the next disaster? The rise of prediction markets

Prediction markets, such as Polymarket and Kalshi, are gaining prominence, allowing individuals to bet on the occurrence of future events, including disasters. These platforms enable users to buy and sell contracts based on the likelihood of specific outcomes. The article questions the ethical boundaries of profiting from or speculating on catastrophic events. The rise of these markets raises concerns about where the line should be drawn regarding bets on potential disasters.