Are prediction markets just another form of gambling?



This debate keeps resurfacing. Sure, I understand the skepticism. At first glance, you stake assets, wait for outcomes, ride emotional waves—sounds familiar, right?

But here's where things diverge.

That comparison only scratches the surface. What critics overlook is the fundamental mechanism powering these platforms. Prediction markets aggregate collective intelligence. They incentivize information discovery. Unlike pure chance-based wagering, participants analyze data, assess probabilities, challenge consensus.

The economic engine underneath? Completely different beast.

Think liquidity pools. Market-making algorithms. Transparent on-chain settlement. These aren't casino mechanics—they're DeFi infrastructure repurposed for forecasting.
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MevTearsvip
· 10h ago
Nah, this is just gambling wrapped in DeFi. No matter how fancy you make it sound, you can't change its nature, bro. --- Liquidity pools, on-chain settlement... sounds sophisticated, but I lose money just as fast. --- Collective intelligence? Give me a break, 90% of people are just chasing trends. --- Wow, calling it "information discovery" to disguise gambling—I've heard this pitch way too many times in the crypto space. --- Seriously, has anyone actually gotten rich from prediction markets? I sure haven't seen it. --- Transparent algorithms ≠ transparent profits, you still end up losing. --- DeFi infrastructure... Listening to your excuses is something else. A gambler is still a gambler. --- Wait, isn't it also true that people on Polymarket got rich off insider information? --- Changing the name doesn't make it not gambling. Wake up, everyone.
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NFTHoardervip
· 10h ago
ngl this is just that kind of "it's all gambling" narrative... but it's really not the same, one is priced based on information and the other is based on luck
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WalletAnxietyPatientvip
· 10h ago
Bro, you're right, but the gamblers just won't listen.
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OvertimeSquidvip
· 10h ago
No, no, no. Gambling relies on luck, while prediction markets rely on information asymmetry. These are two completely different things.
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