Policy Analysis Markets

[quote]The Policy Analysis Market (PAM), part of the FutureMAP project, was a proposed futures exchange developed by the United States’ Defense Advanced Research Projects Agency (DARPA) and based on an idea first proposed by Net Exchange, a San Diego research firm specializing in the development of online prediction markets. […] At a July 28, 2003 press conference, Senators Byron L. Dorgan (D-ND) and Ron Wyden (D-OR) claimed that PAM would allow trading in such events as coups d’état, assassinations, and terrorist attacks, due to such events appearing on interface pictures on the project website. […] There are now commercial policy analysis markets, such as Intrade, which offers futures on events such as the capture of Osama bin Laden, the U.S. Presidential Election, and the bombing of Iran.[/quote]