Most event predictions on Polymarket can be viewed as information pricing. However, if 5-minute markets were to be launched, they would truly become gambling markets. 5-minute markets are highly speculative, unlike other longer-term event predictions. Long-term markets emphasize collective wisdom, while short-term markets easily become pure speculation or betting, similar to short-term binary options contracts. Furthermore, some leveraged prediction markets and third-party protocols integrating leverage, supporting high-leverage betting on Polymarket events, would also turn this sector into a higher-risk one, with a pervasive sense of speculation. Entering high-risk territory too quickly before the sector matures is not entirely a good thing.