Predictions Markets Will Make the Stock Market Obsolete. Yes or No?

Core Viewpoint - The rise of prediction markets has led Wall Street to question the boundary between investing and gambling, highlighting a growing concern about the nature of financial markets [1] Group 1 - Prediction markets are experiencing significant growth, prompting discussions on their implications for traditional investing practices [1] - The increasing popularity of these markets raises ethical and regulatory questions regarding their classification and the potential risks involved [1] - Analysts are debating whether the strategies employed in prediction markets align more closely with gambling than with traditional investment methodologies [1]