Prediction markets turn uncertainty into information.
They give people a place to put their beliefs on the line, bring different perspectives together, and turn that collective information into a real-time signal about what might happen next.
Way more efficient than ‘gambling’
"They strive to create the impression that individuals to 'gamble.' No, that’s incorrect. Gambling is designed to reward the house.
People know this.
Prediction markets are the opposite of gambling exactly because the participating individuals are bringing their own knowledge to the prediction."
forbes.com/sites/johntamny/2…