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Traders on a newly-opened online retail market that deals in hurricane damage contracts are indicating they expect limited impact on Florida from Tropical Storm Ernesto.

HedgeStreet of San Mateo, Calif., which operates the government-regulated market in binary and futures contracts, said prior to today’s start on Ernesto’s contract, traders saw only a 36 percent chance of insured losses from that storm exceeding $25 million.

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