The terror futures market is scheduled to open on March 2004.
The Policy Analysis Market (PAM) was the brain child of former admiral John Poindexter, head of the military's Total Information Awareness Office, who resigned last August because of popular outrage (mostly from legislators) at the plan. PAM is a market where traders place their bets on future political and terrorist events. The government hoped to use the market to predict attacks and assasinations based on the cumulative insight reflected in prices.
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