I don’t really get this market. Moodeng and michi have equivalent mcaps, one would think that their odds here would reflect that?

imagine the situtation with NVIDIA and the other is Coca Cola and they were the same marketcap.  The relative outlook, composition, trajectory, multiples etc are different, even though the market currently prices them at the same marketcap. Prediction markets would show a different future value.

But why would they be at the same market cap then, isn’t the stock market essentially a prediction market on the future value of the stock?

prediction markets for prediction markets

they have a lot of it on polymarket lol, like who's gonna have a lead, K or T by end of week and stuff like that