Reuters: (Private) Sites to pick up terrorism futures market

[Atlant]

http://zdnet.com.com/2100-1105_2-5061397.html

Sites to pick up terrorism
futures market

Reuters

NEW YORK--The Pentagon's roundly vilified plan for a terrorism "futures" market was axed last week
before it saw the light of day, but some private online betting exchanges may soon pick up where the government
left off.

However weird it may seem, the Pentagon's hope was that such "futures" contracts would help it take advantage of the
predictive ability of markets to help prevent future attacks and track key political developments.

While the U.S. Congress jumped all over the quirkier plans for contracts on assassinations and terrorist attacks, the
exchange also planned "futures" based on the stability of governments in the Middle East that could have yielded
valuable intelligence about the volatile region.

Futures markets for everything from box office receipts to orange juice have often proven uncannily accurate at
assessing the likelihood of a potential outcome, and economists said political contracts were the next logical step.

To John Delaney, chief executive of online exchange Tradesports.com and originator of "Saddam futures" before the Iraq
war, the Pentagon's proposed exchange was not as ridiculous as critics advertised. His company plans to take up some
of the ideas the government abandoned.

<more>

[qanda]

1. This was probably the plan

all along. Now, that the shock has worn off, the sheeple won't question it anymore.

[MaineDem]

2. It all makes sense now.

:tinfoilhat:

[sangha]

5. This is why

PointyFester's resignation isn't effective for a few more weeks

[The Zanti Regent]

3. How much money will the Neocons make from it?

Good lord, this is so sickening!

[AndyTiedye]

4. Neocons make their money by insider trading

and this is another chance for them to do that.
MIHOP MIHOP MIHOP MIHOP