Editing Policy Analysis Market (section)

{{Short description|Proposed futures prediction market}}
{{Use mdy dates|date=October 2017}}
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 market]]s.<ref>{{cite web |url= http://infowar.net/tia/www.darpa.mil/iao/FutureMap.htm |title=Programs: FutureMap |publisher=[[Information Awareness Office]], United States [[Defense Advanced Research Projects Agency]] |via=InfoWar.net |date=2003 |archive-url= https://web.archive.org/web/20120422065908/http://infowar.net/tia/www.darpa.mil/iao/FutureMap.htm |archive-date=April 22, 2012 |url-status=dead |access-date=October 29, 2019}} This is an archive of the official FutureMap and PAM webpage, which was eventually taken offline by DARPA.</ref>  PAM was shut down in August 2003 after multiple [[United States Senate|US senators]] condemned it as an [[Assassination market|assassination and terrorism market]],<ref name=hanson2007/> 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|private-sector]] variations on the idea have been launched.