WILDFIRES: Lawmakers Call for Crackdown on California Wildfire Betting

The AI revolution has supercharged California's startup ecosystem. A record $366 billion in venture-capital funding, fueled largely by massive investments in companies such as OpenAI and Anthropic, has reinforced Silicon Valley's position as the global epicenter of artificial intelligence and startup finance. California lawmakers are pushing federal regulators to curb wildfire betting markets after discovering significant wagering activity tied to major California fires. Supporters of a crackdown argue that disaster betting profits from human suffering and could encourage harmful behavior, while prediction-market advocates contend that these markets serve an information-gathering function and do not cause disasters themselves. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.