A group of University of Chicago students is campaigning to repeal the Onion Futures Act of 1958, an obscure law that bans trading onion futures contracts in the United States. While U.S. investors can legally trade futures contracts on commodities ranging from pork bellies to oil to computing power for artificial intelligence, onion futures remain the only commodity excluded from futures trading. The students are pushing to “re-peel” the legislation, highlighting what they consider an outdated restriction.
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