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Prediction markets get a lot of buzz these days, but let's be real—they're fundamentally betting platforms, even if everyone insists on calling it 'trading.' The distinction between speculation and gambling gets pretty blurry once you zoom in. What concerns me more is the marketing angle. These platforms keep targeting broader audiences without adequately flagging the risks, and that's especially problematic when you consider exposure to younger users who might not fully grasp what they're getting into.
Then there's the resolution problem. A truly decentralized system should theoretically eliminate bias, but in practice? Many of these markets settle disputes in ways that feel... questionable. The decentralization promise doesn't always match the reality of how outcomes get determined and validated. It's worth asking whether current mechanisms actually deliver on that fairness proposition.