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"mad at prediction markets for giving 40% chance to something that actually happened" is such a revealing genre of post. 40% things happen all the time!

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I think a more fundamental problem is treating a prediction market as if it had special insight into the nature of reality, rather than just reflecting the preferences of a pool of (primarily) young men who share a gambling addiction.

not particularly? I think that both myself and prediction markets are poor oracles, and that it is unsurprising when we are wrong — both because we lack vital information, and have a particular set of biases that is reflected in our predictions.