BREAKING: The CFTC approves MDEXs real-money prediction markets on movie box office.

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&#8220-In a 3-2 vote, the Commodity Futures Trading Commission on Monday afternoon approved a contract created by the company Media Derivatives that would allow traders to bet on the gross receipts that a movie pulls in during its opening weekend.&#8221-

UPDATE:

NYT

WSJ

Felix Salmon

&#8220-If we approve these types of things on the arguments posed in favor of them, we could be approving things like death pools or terrorism contracts, something Congress surely never intended.&#8221-

Hollywood Reporter

AP

CNBC

AFP

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