*Ø* Blogmanac | Pentagon's Futures Market Plan Condemned



"WASHINGTON (AP) - 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. Holders of a futures contract that came true would collect the proceeds of investors who put money into the market but predicted wrong."

Don't believe me? Read the story at The Guardian