zlacker

>>jimbob+(OP)
Here is a wild idea:

Reshape the entire industry to be a decentralized/house-edge-free form, where any one player has a net 0% gain/loss outcome over time. Regulate what bets can be placed and their payouts so that winners win less amounts and losers lose less amounts (i.e. you don't get wiped out).

It will feel like gambling, but overtime is no different than coin flipping for lunch money with a coworker every day. Essentially math away the "house always wins" part.

>>Workac+0g
There are such attempts, e.g. Smarkets. The general approach is called a "betting exchange" where you buy and sell bets with other people to set the market price for the various games / events going on. It's too complicated, though. Most people just want to bet on the Pats winning. They're not rational financial actors.