they could, slightly suboptimal way of doing it but its there

crypto anarchist papers described prediction markets to be used for something like this in the 90s, but there are several levels of infrastructure that didn't exist then

if you are predicting such things are occurring then you could also buy the no shares, making it the most egalitarian social mobility opportunity out there. I think the focus on bribery and corruption is distracting because people are imagining exclusion, but its the opposite at this point.

Imagine when the soviet union fell and only people that built relationships got dibs on all the assets and revenue streams to become "the oligarchs" almost overnight, but instead of only them, everyone paying attention could take part in it. That's what is happening now and the markets will continue existing autonomously