On Kalshi and the illusion of 'pure' prediction

Been thinking a lot about the premise behind Kalshi and other prediction markets. While the idea of 'event contracts' is appealing for its simplicity, I'm starting to wonder if the regulatory overlay and the attempt to make these things behave like a 'pure' prediction instrument actually strips away some of the real-world messy price discovery that gives traditional markets their edge. When you see something like $CRV sitting at $0.2364 after a volatile day, there's a whole universe of implied narratives, and the price action itself is a signal. With Kalshi, it feels almost too sterile, too detached from the underlying why. It's like we're betting on the outcome of a coin flip when the coin itself has intrinsic value and is being traded elsewhere. Does anyone else feel like the 'clarity' Kalshi offers might just be a limitation in disguise?