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An extension of b) is that you might spot an inconsistency or other error in the public information that people seem generally unaware of.

I would consider that to be under the umbrella of insider.

The participants are those who believe themselves to have unique information, whether or not they actually do

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good point, i think this became so obvious to me, i don't even think about it this anymore, lol :)

like ... that's the whole point of prediction markets, no? lol :) to finally take things seriously and actually do some due diligence like your life depends on it. a few sats can mean a lot in the future :)

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