The dark arts are in action here. Beware, lest you may Generalize from fiction..

It's an interesting vision, but lawyers have nothing to do with the problem. The problem is commercialization of something that or moral intuitions say should not be commercialized.

Being upset at lawyers about this state of affairs is like being angry at a concrete truck for building the foundation of a building in an offensive location.

The majority of the stuff on that guy's website is pretty interesting. He's got several TED talks, one of which is essentially on prediction markets.