Prediction markets are betting on natural disasters. Where do we draw the line?

Prediction markets are moving far beyond politics and sports — with contracts now covering hurricanes, wildfires and other natural disasters.

But should people really be able to bet on a hurricane making landfall, the severity of a disaster or even deaths?

CGTN's Sally Ayhan speaks with Avi Zoldan, CEO of Quantum Media and Adjunct Professor at Yeshiva University, about the explosive growth of prediction markets, the risks of manipulation and why regulators may need to establish new guardrails.

00:00 Why are prediction markets betting on natural disasters? 00:40 The dangerous rise of wildfire betting 01:44 What can people actually bet on during disasters? 02:44 Should betting on deaths be completely off limits? 03:17 How the U.S. could regulate prediction markets 04:19 Why prediction markets feel like a casino

#bizshow #predictionmarkets #naturaldisasters #hurricanes #weather #betting #Kalshi #Polymarket

Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok

This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.