Private Markets Cashing In On Pentagon's Futures Market Idea
from the no-need-for-government-intervention dept
With all the hype about the “terrorism futures market” set up by the US government, my biggest complaint was that the government shouldn’t be setting up such a market. While there is still plenty of debate over the effectiveness of futures markets, having a government run such a market has dangerous consequences. However, private companies have already been running just such futures markets, and are now trying to cash in on all the hype over the Pentagon’s version. They’re more widely advertising their own markets, and getting plenty of attention from reporters who are suddenly interested in the concept. One of the markets even quickly set up a contract on whether or not John Poindexter (who set up the Pentagon’s market) would be able to keep his job through the end of August.