I think of them as "Accountability" markets. Someone who can influence the outcome is encouraged to make a public bet on their success, and define what the success criteria is. The bet is then a means to hold them publicly accountable for doing what they said they would do. The market then becomes a voting machine for the public to decide if they think the person will succeed or not.

> The market then becomes a voting machine for the public to decide if they think the person will succeed or not.

Which would be great, if the mechanism and prize for "voting" were something other than people's basic means of survival.

Gambling addiction isn't bad because there's something wrong with predicting outcomes, it's bad because it causes people to lose all of their money.

"Kalshi, but with a maximum order size of $1" would be great. Kalshi, with a maximum order size of oh crap I can't pay my rent this month, is very bad!