] He says criticism that terrorists could have profited
] from the market are overblown, since the architects of
] the exchange were not planning on allowing any wagers
] greater than about $100.

Forbers likes assassination politics, and thinks that this will come up again. I'm glad to hear that they had a wager cap, but what are the odds associated with a highly accurate prediction? Can I get 1000 to 1 on something if I pick an exact date? Cause $100,000 goes a long way in place like Afghanistan.

Update:I've now heard that the max GAIN from a trade was set at $100. That changes the picture entirely. There is really nothing wrong with such a system if such limits are in place, assuming they cannot be circumvented. I remain skeptical, as the press reports clearly contradict eachother, on not just this but other points as well. Supporters and detracters seem to differ on how anonymous this system was supposed to be.

Fortune.com - Investing - Is a Futures Market on Terror Outlandish?