Ready to bet on hurricanes? Hedgestreet might be for you
In the Miami Herald, September 4, 2006, Benjamin Tobias was quoted in the article Ready to bet on hurricanes? Hedgestreet might be for you by Niala Boodhoo. Hedgestreet is an online derivatives exchange which allows trading of options based on hurricane damage, housing markets, oil and other commodities. Ben likened trading hurricane futures to gambling in Las Vegas and it should not be considered actual investing.