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What is the rationale behind creating a 'pretotype' rather than a more simplified version of a prototype?

Do we really need to make design more complicated than it really is (or should be)? I have heard that the term 'pretotype' is being thrown around a little bit as the next trend in UX research and ...
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When designing a website for stock price prediction what additional options can be added to it ?. Also need your feedback on the current prototype

A site/app that allows you to guess stock prices and win money if you are correct.  We would start with allowing people to guess the prices of IPOs (companies going public). The user who correctly ...