Kalshi's Utility: Niche or Broader Market Indicator?

Been following the Kalshi markets more closely lately, particularly with things like $ABC hovering around 179.98. While it's interesting to see the crowd sentiment on specific event outcomes, I'm finding myself wondering if these markets are genuinely providing any novel alpha or if they're mostly just reflecting what's already priced into traditional options or futures. My gut says it's a niche play for very specific binary events, and I'm not seeing how it helps me much with broader market moves or even something like $EURUSD. Am I missing the broader utility here? Push back if you think I'm off base.