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.

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

0xbitcoiner

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.

HealthAndFitness

[Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats

realBitcoinDog

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.