What will be the total economic damage of the LA wildfires beginning Jan 8th 2025?
Basic
5
Ṁ252
2026
22%
under 20 billion
5%
$20-30 billion
1%
$30-40 billion
1%
$40-50 billion
16%
$50-60 billion
29%
$60 -70 billion
26%
over $70 billion

Background

The Los Angeles wildfires have caused widespread devastation across Southern California. What will the total economic damage be?

Resolution Criteria

This market will resolve based on the final official economic damage assessment released by the National Center for Environmental Information, California state government, or another authoritative source. If multiple credible sources provide different estimates, the market will resolve based on the most comprehensive assessment. I anticipate the estimate to be available with a few months of the fire containment, but if no comprehensive assessment is available in a reasonable timeframe, the market will resolve based on the most authoritative estimate available at the time of resolution. The economic damage estimates may combine several named fires in the same area starting around the same time.

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bought Ṁ5 YES

I mean I saw an estimate earlier today putting it at 50 billion, and the fires are not even done starting

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