more on : DARPA "Terrorism Futures Market" to be dropped

[Dave Farber <dave () farber net>]

> Date: Tue, 29 Jul 2003 10:26:44 -0700
> From: Ian Stoba <ian () babcockbrown com>
> Subject: Re: [IP] : DARPA "Terrorism Futures Market" to be dropped
> To: dave () farber net
>
>
> Perhaps the plan was abandoned because the Pentagon learned that a very
> active market in terrorism futures has already existed for some time.
> TradeSports  is a live (i.e. real money at risk) marketplace where
> futures are traded on, among many other things, future security alert
> levels and the likelihood of Osama bin Laden's capture.
>
> Here is the current view of their market in "current events":
>
> https://www.tradesports.com/jsp/datafeed/liveprices/ 
> LivePrices.jsp?eventclassinput=Current%20Events&location=LivePrices
>
> Note: I am not affiliated with TradeSports, but I find the concept
> fascinating.
>
> --Ian
>
>
> On Tuesday, July 29, 2003, at 09:00  AM, Dave Farber wrote:
>
> > > July 29, 2003
> > > Pentagon Said to Abandon Plan for Futures Market on Terror
> > > By THE ASSOCIATED PRESS
> > >
> > > WASHINGTON -- The Pentagon will abandon a plan to establish a futures
> > > market
> > > to help predict terrorist strikes, the chairman of the Senate Armed
> > > Services
> > > Committee said Tuesday.
> > >
> > > Sen. John Warner, R-Va., said he spoke by phone with the program's
> > > director,
> > > "and we mutually agreed that this thing should be stopped."
> > >
> > > Warner announced the decision not long after Senate Democratic Leader
> > > Thomas
> > > Daschle took to the floor to denounce the program as "an incentive
> > > actually
> > > to commit acts of terrorism."
> > >
> > > Warner made the announcement during a confirmation hearing for
> > > retired Gen.
> > > Peter J. Schoomaker, nominated to be Army chief of staff.
> >
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