Policy Analysis Market

The Policy Analysis Market (PAM), part of the FutureMAP project, was a proposed futures exchange developed, beginning in May 2001, by the Information Awareness Office (IAO) of the United States Defense Advanced Research Projects Agency (DARPA), and based on an idea first proposed by Net Exchange, a San Diego, California, research firm specializing in the development of online prediction markets.[1] PAM was shut down in August 2003 after multiple US senators condemned it as an assassination and terrorism market,[2] a characterization criticized in turn by futures-exchange expert Robin Hanson of George Mason University, and several journalists. Since PAM's closure, several private-sector variations on the idea have been launched.

  1. ^ "Programs: FutureMap". Information Awareness Office, United States Defense Advanced Research Projects Agency. 2003. Archived from the original on April 22, 2012. Retrieved October 29, 2019 – via InfoWar.net. This is an archive of the official FutureMap and PAM webpage, which was eventually taken offline by DARPA.
  2. ^ Cite error: The named reference hanson2007 was invoked but never defined (see the help page).