San Francisco Onion Futures Company sells private, transferable contracts for the future physical delivery of yellow onions, available up to six months out with per-onion prices listed between $3 and $12. Prices are recalculated daily at midnight San Francisco time by a proprietary algorithm and require JavaScript to view; purchases are processed via Stripe. The operation argues it is legal under U.S. law by citing 7 U.S. Code § 13-1, which prohibits exchange-based onion futures, and saying these are private bilateral contracts rather than an organized exchange or trading facility. Ownership and management are attributed to Sophia Vysparov (a11ce.com).
Delivery is arranged in the first week of the contract’s delivery month, with primary distribution zones in San Francisco, Toronto, Seattle, and Chicago (via For Our Futures), and third-party delivery available when needed. Each contract issues a unique key that controls transfer and contact information: giving a key transfers the contract and voids the previous key; owners can update registered details through a contract management page that replaces keys. Contracts can be resold up until their delivery month, but no refunds or cash settlements are offered even if delivery fails. Contact is via [email protected].
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