I'm surprised that no one has mentioned prediction market(PM) as the alternative. This is old paper but IMO it is still persuasive. https://mason.gmu.edu/~rhan

I'm surprised that no one has mentioned prediction market(PM) as the alternative. This is old paper but IMO it is still persuasive. https://mason.gmu.edu/~rhanson/gamble.html https://mason.gmu.edu/~rhanson/gamble.html