For example, In my comment replace “I” with “Trump” and replace punch with “started another war”

We can go on and on (I can give you 7 million other examples too, this is easy one), the entire prediction market is meant for idiots to give their money to non-idiots that are rigging the whole thing (without any regulation).

That's roughly correct though? Like the alleged point is exactly that - provide an incentive to establish true information earlier than otherwise. If you view prediction markets like that it's only weird to see people taking the other side with no information (I was going to say "like bar bets" but that's the same kind of thing! Don't bet on things you know nothing about if you hate losing money!)