News & Events

Websites Speculate on Hussein Fate

In an era of frenzied speculation about a war in Iraq, for-profit websites have taken in millions of dollars in wagers on Saddam Hussein's fate. Betting schemes can be such good predictors that the Pentagon "has inquired about the possibility of using these markets to provide advanced warning of future events," said FORREST NELSON, a professor at the University of Iowa who co-founded an experimental "political stock market." These markets could help the military evaluate the risks of "everything from the overturn of some government to terrorist attacks," Nelson said.

The article is available online, and a similar article appeared in Internet Magazine (United Kingdom).

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