Photo-Illustration: X The prediction-market industry has a lot of reasons to be optimistic right now. It’s growing extremely quickly, multiplying many times in size since last year by drawing in new users. Kalshi just raised another billion, and its valuation is skyrocketing. Prediction-market data is incorporated into tools like Google Finance and frequently included in media reporting, and major financial institutions want into the game, too. And despite plenty of negative press and social-