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Anyways, Predyx isn't betting market afaict.
No?
I think it's fair to use "betting" or "gambling" to describe the participant side.
Why I see prediction markets as being different than traditional books, is that the platform isn't trying to lock people into losing positions, which is how people get in trouble with gambling.
I feel you, but let's be real: calling it a 'prediction market' is just a fancy word for gambling. I know you know! Ahahah
This might seem pedantic, but I do think it's more than a branding difference.
It's called a prediction market because there's buying and selling amongst the participants and freely moving odds. Those odds are a crowd-sourced information output.
So, the prediction market platform is using the gambling service as an input to produce the public good of information.
You know better what you said. For me your explanation and the context did not match.
Anyways, Predyx isn't betting market afaict.
That's it.