The idealized form of a prediction market doesn't take positions.
This is a long, long, long way from "prediction markets don't take positions".
Plus they don't have to in order to create the effects I'm talking about. We've already seen plenty of what people are calling "insider trading", though it may not legally match the usual meaning of the term. All that is necessary is that it becomes clear over time that making bets is a sucker's game because the events aren't just ambiently happening but being forced by somebody with a lot of money to make. It isn't particularly important whether those bets are made by people who directly work for the prediction market itself.
The idealized form of a prediction market doesn't take positions.
This is a long, long, long way from "prediction markets don't take positions".
Plus they don't have to in order to create the effects I'm talking about. We've already seen plenty of what people are calling "insider trading", though it may not legally match the usual meaning of the term. All that is necessary is that it becomes clear over time that making bets is a sucker's game because the events aren't just ambiently happening but being forced by somebody with a lot of money to make. It isn't particularly important whether those bets are made by people who directly work for the prediction market itself.