WASHINGTON - The Pentagon (news - web sites) is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense officials hope to gain intelligence and useful predictions while investors who guessed right would win profits.
@NathanpmYoung @ManifoldMarkets yup, agreed.
the root of the problem seems to be a difficulty in finding uninformed flow that doesn’t come from degen gamblers.
cf @hoke_t ‘s great essay: https://t.co/yQwXkRjrLh