Multi-outcome markets are actually a way to correct a structural bias in prediction markets.
Real events are almost never Yes / No.
Forcing complex results into a binary judgment may seem efficient, but it is actually rough. Once an event enters the gray area, price distortion and liquidity gaps will occur, and the market can only oscillate between extremes.
@intodotspace chose a different structure.
Multiple outcomes are not for "more gameplay", but to allow different result paths and varying intensity judgments to be priced separately. Judgments are no longer about choosing sides, but about

Many prediction markets look like markets, but as long as there is no CLOB, it is essentially the platform setting the prices.
Prices are smoothed out, divergences are averaged, and risks are hidden.
What you see is not judgment, but the “mean of the sentiment.”
But the value of predictions comes precisely from divergence.
CLOB pulls prediction markets back from voting systems to game systems.
In the order book, each order is a stance, a price willing to take on the risk of a judgment.
There is no “I think it’s possible,” only “I am willing to bet at this price.”
Depth is the density of diverg