To be totally honest, I don't have a problem with a terrorism-futures market
-- my friends and I have already set odds for which U.S. city will be the next to be hammered. I think I posted the odds up here a long time ago, and New York, Washington and L.A. were at the top. Seattle and Chicago followed Boston, I think. (I hope nothing happens when I'm in Chicago this weekend, but it's not like I can do anything about it. It is reassuring to read this
right before you go to the airport.)
Anyway, the only issue I have with Poindexter
trying to set a futures market for terrorism is that he's (was) in a position to manipulate the market. Then again, if I knew which side he was trying to influence I would load up over there.
As my friend says about gambling, "Who cares if it's fixed, so long as you bet on the side it's rigged for."