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Thursday, March 13, 2008

Betting on McCain

Currently you can buy a futures contract on John McCain winning the Republican nomination for 94.3 cents on the Iowa Electronic Market, paying $1 if he wins it. That seems like a lock, with the only downside is that he might drop dead in the next five months.

You could also sell a futures contract on Giuliani winning it for 0.3 cents, where you pay $1 if he should happen to be the nominee.

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