What's Your Take on Prediction Markets in the CryptoCurrency World?

Hey Reddit Fam,

I've been exploring the concept of prediction markets lately and how they fit into the crypto and blockchain space. I'd love to hear your thoughts and opinions on this!

Do you think prediction markets have a place in the world of cryptocurrency and blockchain? Why or why not? Are there any concerns or potential drawbacks that come to mind? Or perhaps you see them as a game-changer with endless possibilities?
I am opening this discussion as I tried to make a post in which I exposed why one of the new projects(from this category) I discovered recently looks very exciting to me but I got a bunch of negative comments with no actual reasoning so I am trying to understand the whole concept and the community consensus on this.

Whether you're a seasoned crypto enthusiast or just dipping your toes into the blockchain world, your perspective matters to me. Let's start a discussion and dive into the potential or lack of it for prediction markets in the crypto space!

Looking forward to hearing from you all!