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Politics : The Iraq War And Beyond

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To: GUSTAVE JAEGER who wrote (283)7/29/2003 6:46:20 PM
From: Ed Huang  Read Replies (1) of 9018
 
Wanna bet online? Pentagon officials were setting up the lines (like the house) for your excitement... almost.
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Pentagon Scraps Online Terror Futures Market
Tue July 29, 2003 06:20 PM ET

By Deborah Zabarenko
WASHINGTON (Reuters) - The Pentagon on Tuesday scrapped a planned online futures market that aimed to get information on Middle East events by letting investors bet on the probability of wars, terrorist attacks and assassinations.

One day after Democrats in Congress brought the Pentagon's Policy Analysis Market to light with withering criticism, a Defense Department spokesman said the program had been terminated.

"The director has determined that this is a program that under further scrutiny probably doesn't deserve continued support," spokesman Lawrence Di Rita told reporters.

Earlier, Deputy Defense Secretary Paul Wolfowitz told senators that while the Defense Department was supposed to be imaginative, "it sounds like maybe they got too imaginative."

....

reuters.com
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