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29
Jul 03
Tue

Terrorist Futures

Interesting:

The Pentagon is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense officials hope to gain intelligence and useful predictions while investors who guessed right would win profits. …

The market would work this way. Investors would buy and sell futures contracts — essentially a series of predictions about what they believe might happen in the Mideast. Holder of a futures contract that came true would collect the proceeds of investors who put money into the market but predicted wrong.

Some are naturally up in arms about it. Read Article.

This post has a single comment

1.  Bonhomme de Neige

Launched, then pulled again.

http://theregister.co.uk/content/6/32065.html

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