Some $1.3 million was spent on Polymarket bets tied to the Palisades and Eaton fires, which collectively killed over 30 people and destroyed thousands of homes. California lawmakers are pushing back against the prediction market platform for offering contracts on the deadly wildfires.

Lawmaker pressure on disaster-linked event contracts could force Polymarket to delist similar markets or invite state-level restrictions that complicate its CFTC-regulated US operations.