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sure, a bet market which is gambling, not a 'prediction market'. those are not predictions


You can gamble on the stock exchange, just like you can "non-gamblingly" hedge certain risks by buying/selling certain financial products such as event futures. (Many insurance policies are structurally just that and are used for very boring non-gambling purposes!)

I don't think you'll find a simple/useful answer by slicing the problem on that axis.


At least when I put money in the stock market, I own a piece of the companies I'm invested in. I get some small amount of voting rights.

You don't get anything outside of winnings or losses from your bets on a "prediction market".


Sure, but most retail shareholders don’t make use of that right, and it’s severely diluted compared to preferred shares to boot.

That’s what I mean: Many things can be used in very different ways. These incentives usually matter more than the underlying things in finance.




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