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

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. 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.