IIRC the original prediction markets existed to try and get as close as possible to finding the true answer to open questions. Someone willing to bet a lot of money on an outcome (because they have an edge/are very sure of an outcome) is the point, they're putting their money where their mouth is...
IIRC the original prediction markets existed to try and get as close as possible to finding the true answer to open questions. Someone willing to bet a lot of money on an outcome (because they have an edge/are very sure of an outcome) is the point, they're putting their money where their mouth is...