Pentagon pulls the plug on PAM

The Pentagon today squashed a controversial terrorism-betting plan, promoted online by the Defense Advanced Research Projects Agency, before the effort became reality.

Defense Department brass killed DARPA's Policy Analysis Market initiative after several congressional leaders denounced the program. The market, which still could be accessed this afternoon at www.policyanalysismarket.org, was to begin registering traders on Friday.

DARPA, working with Net Exchange of San Diego, envisioned PAM as an online futures market where traders would buy and sell contracts on predicted Middle Eastern events. The idea behind the system was that investment trends would provide indications of the likelihood of the events occurring.

A DARPA spokeswoman said agency director Anthony Tether tabled the project today.

But not before Senate lawmakers blasted it.

Senate Democratic Leader Thomas Daschle (D-S.D.) called PAM "an incentive actually to commit acts of terrorism."

Yesterday, Sens. Byron L. Dorgan (D-N.D.) Ron Wyden (D-Ore.) said that if DARPA did not shut down the program, the pair of lawmakers would use legislation to kill it.

Dawn S. Onley writes for Government Computer News.


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.