Hurricane futures

Discussion in 'Financial Futures' started by Pekelo, Jun 6, 2006.

  1. Pekelo


    On TV they mentioned something called MAHEM: Miami Hurricane Evaluation Market.
    The futures can be traded only by meteorologists, and there is a limit of $500 to play per hurricane.

    I guess they are trying to mimic Las Vegas sportbookies. So the idea would be that these futures would predict correctly the path/strength/damage of a coming hurricane...