Looks like PAM has been dropped: http://www.cbc.ca/cp/world/030729/w072940.html
It’s called Policy Analysis Market, and the blurb sounds fairly innocuous:
PAM is intended to have a globally distributed population of traders. Individuals interested in the Middle East and in the involvement of the United States with the countries of the Middle East are welcome to register as PAM traders. Individuals who are interested in the use of market processes to manage risk are also welcome to participate in PAM. Whatever a prospective trader’s interest in PAM, involvement in this group prediction process should prove engaging and may prove profitable.
… until you realise that it’s basically a stock-market system in which traders can bet on the likelihoods of terror attacks and assassinations in the Middle East. Eww!
I’d heard that money was amoral, but this is straight immoral. How soon will it be before an investor consortium on this market hires hitmen to make their “investments” profitable?
And all because They say that The Market can predict anything. If that’s the case, I’ve got a nice fish I can sell you, and you can tell the future by looking at its entrails.