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
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