My Kids' College Fund -

My Kids' College Fund - Irish firms offering futures on Hussein's survival.

March futures are trading at $4.30, April contracts are at $7.40, those for May are at $8.20 and June futures are at $8.40, according to TradeSports Chief Executive John Delaney. That means traders see a 43 percent chance Hussein won't be in power by the end of March and an 84 percent chance he'll be gone by June 30.

About 42,000 Hussein futures have traded, Delaney said.

TradeSports settles the contracts based on information from the United Nations or U.S. government and checks that against three independent media sources. Delaney said TradeSports is considering offering futures on events in North Korea and the Middle East.

Mind you, these aren't Vega$ odds - these are futures conracts, like those sold for orange juice or wheat or coffee.

So who's going to be the first to call Josh Arnold's "Money Talk" to ask about this as an investment? Huh?

Posted by Mitch at February 13, 2003 04:22 PM