What's the difference between Metaculus and Markets?

Metaculus and prediction markets are both platforms used for forecasting and aggregating predictions about future events. The primary difference lies in their underlying mechanics and the type of information they provide. Metaculus is a community-driven prediction platform that aggregates forecasts from users, typically experts or enthusiasts, to generate a community prediction. It focuses on providing accurate probability estimates for various events. On the other hand, prediction markets, such as those found in platforms like PredictIt or Kalshi, allow users to buy and sell shares of potential outcomes, effectively creating a market price that reflects the collective expectation of the outcome. The market price can be seen as a prediction of the probability of the event occurring.