http://www.abcnews.go.com/sections/wnt/US/terror_bet030728.htmlWill the king of Jordan be overthrown? Will Yasser Arafat be assassinated? Will North Korea launch a nuclear attack? You can bet on it.
The Pentagon has set up a Web site for the Policy Analysis Market, which is intended for a group of scholars and analysts to bet on the likelihood of dramatic events, especially in the Middle East.
The Policy Analysis Market would be a joint project of the Pentagon's Defense Advanced Research Projects Agency (DARPA) and two private companies: Net Exchange, a market technologies company, and the Economist Intelligence Unit, a business component of the publisher of the Economist magazine.
The idea is to apply business market analysis to create a Defense Department "early warning system to avoid surprise," a DARPA statement said. The Pentagon says it's a technique that's been successful in predicting elections, even box-office receipts.
But as Sens. Byron Dorgan, D-N.D., and Ron Widen, D-Ore., told reporters in Washington, D.C., today, it is a sick idea.
So far, $749,979 has been spent on the project and Wyden and Dorgan said the Pentagon is asking Congress for $8 million to set up the Internet program. Anyone invited to play will wager that specific events will happen or not. Participants can actually make a small amount of money if their predictions come true.
"The idea of a federal betting parlor on atrocities and terrorism is ridiculous and it's grotesque," said Wyden.