Though there was an outcry over the Pentagon's terrorism futures market, a similar online exchange is in the works to predict what the U.S. government is up to.

Like the Pentagon's scrapped Policy Analysis Market, the AAM lets traders "bet" on future events by buying and selling futures as though they were stocks. The higher the price, the more likely the market believes the event will occur. But instead of predicting terrorist strikes, the AAM will predict things like the next White House staffer to quit.

The American Action Market will offer various Washington "futures" that can be bet upon and traded. Examples include:

•Which country will the White House threaten next?

•Who will be the next foreign leader to move off the CIA payroll and onto the White House's "most wanted" list?

•Which corporation with close ties to the White House will be the next cloaked in scandal?

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