Further Developments
CNN reported the program would be relaunched by the private firm, Net Exchange, which helped create it, but that the newer version "will not include any securities based on forecasts of violent events such as assassinations or terror attacks". On June 11, 2007, Popular Science launched a similar program, known as the Popsci Predictions Exchange. Another project was the 'American Action Market' announced by Tad Hirsh of the MIT Media Lab in 2003, which would permit for-profit betting on major events.
There are now commercial policy analysis markets, such as Intrade, which offers futures on events such as the capture of Osama bin Laden, the U.S. Presidential Election, and the bombing of Iran.
Read more about this topic: Policy Analysis Market
Famous quotes containing the word developments:
“The developments in the North were those loosely embraced in the term modernization and included urbanization, industrialization, and mechanization. While those changes went forward apace, the antebellum South changed comparatively little, clinging to its rural, agricultural, labor-intensive economy and its traditional folk culture.”
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Freedom from labor itself is not new; it once belonged among the most firmly established privileges of the few. In this instance, it seems as though scientific progress and technical developments had been only taken advantage of to achieve something about which all former ages dreamed but which none had been able to realize.”
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