Prediction markets can only pay out based on public information, which means that prediction markets can only "reveal information" like this for things that would have been public knowledge anyway. And insiders are always risking that leaking their insider info might influence the outcome of the bet against them (like if leaking the date of a covert military operation causes the operation to be rescheduled), so they're financially incentivized to wait as long as possible before tacitly revealing that information. So prediction markets are the worst possible way of revealing hidden information: you will only learn about things you would have already known, and only when it's too late to make any use of that knowledge.
alt Hacker News
Prediction markets can only pay out based on public information, which means that prediction markets can only "reveal information" like this for things that would have been public knowledge anyway. And insiders are always risking that leaking their insider info might influence the outcome of the bet against them (like if leaking the date of a covert military operation causes the operation to be rescheduled), so they're financially incentivized to wait as long as possible before tacitly revealing that information. So prediction markets are the worst possible way of revealing hidden information: you will only learn about things you would have already known, and only when it's too late to make any use of that knowledge.