Congress this week denied funding for and shut down a Pentagon
office that sought to establish a market in terrorism futures, The
New York Times reported.
The office was about to open an Internet trading market to test
the theory that traders could help predict the probability of
events like terror attacks, missile strikes and assassinations
of foreign leaders.
Outraged lawmakers called for the program to cease, and it was
closed within a day. The furor surrounding the idea gave momentum
to the effort in Congress to cut off money for the office entirely.
The office was headed by Adm. John M. Poindexter, who resigned
last month, though he defended the initiatives under his control
and said the plan for a terror futures market had been sensationalized.