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Saddam Futures

Tradesports.com runs an over-the-counter derivatives market with contracts covering various events.

Those of you who like a market solution for any problem will be pleased to know it quotes quarterly futures style contracts on the likelihood of Saddam being President of Iraq in December, March and June.

Market prices currently imply that he has an 83 percent chance of being the Mother of all Dictators come Christmas, but only a 48 percent chance of opening Easter Eggs as President and a 37 percent chance of seeing in the second half of the year in power.

Early optimism that Saddam would take an early bath has declined as time has progressed. Being an unregulated market there is of course nothing to stop Dubya doing a bit of insider trading…

Paul Staines

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