 |
|
Donald Rumsfeld: some of the secretary of defence’s subordinates seem uncertain about their evil adversary’s location |
It will go down as one of the most short-lived trading venues ever. It had been in development for months, and its owners claim to have spent $600,000 setting it up. Yet within 24 hours of becoming public knowledge it was killed off. Goodbye, and good riddance, to the Policy Analysis Market (PAM). The brainchild of the Defense Research Projects agency (Darpa), an arm of the US Department of Defense, it aimed to trade futures contracts to enable bets on certain events taking place in the Middle East.
Thanks for your interest in Euromoney!
To unlock this article, enter your e-mail to log in or enquire about access:
