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Hollywood clashed with Wall Street on Wednesday at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures.
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So, outside of Chilton, they are saying that event contracts, broadly speaking, are within CFTC jurisdiction.
With these particular contracts, Market Oversight seems to have a “can do” attitude, but there is still a good amount of skepticism on manipulability and whether or not such contracts would conform to the CEA.
So, outside of Chilton, they are saying that event contracts, broadly speaking, are within CFTC jurisdiction.
With these particular contracts, Market Oversight seems to have a “can do” attitude, but there is still a good amount of skepticism on manipulability and whether or not such contracts would conform to the CEA.