Hollywood futures exchange gets green light...for now

Federal regulators have given the go ahead to the Cantor Exchange, one of two online futures markets that would allow the public to wager real money on box-office results of Hollywood films, according to the Associated Press. The Commodity Futures Trading Commission gave their approval to the exchange on Monday, two weeks after a second market, Media Derivatives’ Trend Exchange, also got the green light. But hold onto your credit cards and your box-office hunches for now. Both markets face an uphill battle later this week when legislation banning the trading on box-office tallies goes before congress as part of a broader financial regulation vote. As the markets have made their way through the regulatory process over the past few months, both the six major Hollywood studios and the MPAA have come out strongly against them. Stay tuned….

Comments (5 total) Add your comment
  • Sally in Chicago

    Bad idea.

  • the dude

    oh come on what could possibly go wrong?

  • The Vicster

    Third!!

  • PJ

    I’ve played Hollywood Stock Exchange (hsx.com) for years and made millions. Don’t think it would work in the real world. Futures are risky business.

  • Imam

    Thanks for your post. What I want to point out is that while searching for a good on-line ecertlonics retail outlet, look for a site with complete information on important factors such as the security statement, basic safety details, any payment options, and also other terms and policies. Often take time to browse the help plus FAQ segments to get a much better idea of the way the shop will work, what they are able to do for you, and the way you can make use of the features.

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