First, a hearty congratulations to Robert Swagger and Trend Exchange. Along with the Cantor Exchange folks, they have run quite a gauntlet, and although there remains a tremendous obstacle in the form of the Lincoln amendment, I consider these exchanges … Continue reading
“-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.”- … Continue reading
CFTC Commissioner Bart Chilton on the movie box-office futures: Via Max Keiser…- who has this to say: I’m glad Chilton brought this up. When I was CEO of HSX – I shared a board seat with members who were also … Continue reading
Product approval (see below) is a different question from exchange approval (blogged previously by Mike Giberson). Bloomberg: CFTC Commissioner Bart Chilton called it a a€?popcorn prediction market,a€? […] Hollywood studios that participate by hedging their filmsa€™ prospects will doom ticket … Continue reading
Joe Weisenthal has a small opinion piece on why the CFTC allows real-money prediction markets on movie business, and bans those on politics or sports. The problem in the piece is that Joe is 100% wrong. Joe says that there … Continue reading
American Civics Exchange is enabling what InTrade (circa 2006, when they applied for the eBOT status) couldn’-t…- —-getting the CFTC stamp of approval, and running a real-money prediction exchange from within the US territory (as opposed to offshore). The ACE … Continue reading
USFE’-s press release: U. S. Futures Exchange Evaluating Strategic AlternativesSale of Exchange Sought by Year-End CHICAGO, December 17, 2008 – The board of directors of the U.S. Futures Exchange (USFE), over the last several weeks, has actively sought a strategic … Continue reading
