Agreed. Stock markets are very similar to prediction markets. They are priced based on future projections, technical feasibility and probability of achieving ce

Agreed. Stock markets are very similar to prediction markets. They are priced based on future projections, technical feasibility and probability of achieving certain milestone, ability to reach market first, internal and external factors, etc. I don't see much difference between a prediction market and a stock market. Theoretically, we could allow both of them and treat them similar. But one major risk I see is that big players can influence it with big money and distort the reality. It becomes a casino, just like the current wall street. Right now, most of the participants in prediction markets are likely knowledgeable in the subject area, or even subject matter experts and it's probably better to leave it that way.