Why Prediction Markets are Not Gambling

TLDR:

- New financial markets are always called gambling until their economic value is understood
- Prediction markets allow individuals to speculate on future events
- They provide valuable information about the likelihood of future events
- This information can be used by businesses and governments to make better decisions
- Prediction markets are more accurate than traditional forecasting methods
- They are not zero-sum games like gambling, as they create economic value through information discovery
- Regulatory challenges exist, but prediction markets have significant potential to improve decision-making