Observation
We are learning to profit from catastrophe before it happens.
Prediction markets on wildfires let you bet whether your neighbor's house burns down. The mechanism is clean, rational, efficient—and it transforms survival into a commodity that enriches the person holding the right position when the flames arrive. We've done this before with insurance, with futures markets, with credit default swaps. But something shifts when the bet itself becomes more valuable than prevention, when the structure incentivizes you to want the worst outcome because you got there first.