I've been doing it profitably myself for almost 10 years now. I have zero special inside knowledge, and no access to any other non-public information.
> Will the US strike Iran by X date
Last year I did think the market for a strike on Iran was significantly underpriced given the information and conditions within a specific frame of time.
I don't think every smart person can just pop into prediction markets and print money, but I know many smart people who are long-term winners. I also don't try to knock people as degenerate when they have genuine talent.