What prediction markets must fix to remove the “gambling” label

Ask three people what a prediction market is and expect three answers: a sophisticated gambling platform, an opinion platform, or a crowd-intelligence engine—depending on how much vested interest they have in the industry. After months of conversations with users, founders, investors, and sceptics, I’ve heard all three. To the uninitiated, prediction markets are platforms where users back a “yes” or “no” position on whether an event will happen, with the market price reflecting how likely partic