It has a name that is calculated to court controversy, a logo that resembles targeting crosshairs, and links with spoof news websites. But the founder of UK-based Terrorbet.com insists the venture is entirely serious.
Terrorbet has picked up the idea of the Policy Analysis Market (PAM), the US Pentagon's proposed futures exchange on geopolitical events that was scrapped following public outrage at the prospect of betting on violent deaths (see FO Week Vol 8 No 30).
Most of the news coverage generated by PAM focused on the possibility of trading contracts based on the likelihood...