My take on prediction markets like Polymarket and Kalshi is you can make money by spotting good rr opportunities, just like sports betting. But you can't compare them to trading memes or crypto in general, as people are doing, because these are completely different games. In crypto, you can make enormous amounts of money by being early. Prediction markets are just rng even betting on mispriced outcomes with good rr, is still luck, you could bet on 20 mispriced things and lose all 20 if unlucky. Early crypto projects (memes or tech) also involve rng, but when you find something too good to fail and get in early, that's where real wealth is made. You simply can't find that kind of upside in capped upside potential bets.
casino are just money laundering operations, no need to even talk about it
there is still opportunity to make generational wealth
but it won’t be given by prediction market or casino affiliates