News & Events

Futures Market Started for Recall

There are coffee futures. And oil futures. And even the intriguing pork belly futures market. Now, however, there's the California governor recall futures market. The IOWA ELECTRONIC MARKET says it has opened trading on the outcome of the Oct. 7 California governor recall election, offering futures contracts on the outcome of the voting. Traders can speculate on several outcomes. Among them are whether Gov. Gray Davis will be recalled, and if he is, who will be elected governor. Listings include contracts for candidates Cruz Bustamante and Arnold Schwarzenegger. The IEM is run by six professors at the Henry B. Tippie College of Business at the University of Iowa.

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