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

Posted on June 14, 2010 by admin

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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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  • CFTC: 3-2 in favor of approval of movie contracts -SO FAR.
  • Every investment in film is gambling.
This entry was posted in Exchanges Markets and tagged betting markets, box-office derivatives, CFTC, Commodity Futures Trading Commission, derivatives, event derivative markets, event derivatives, futures, Hollywood, MDEX, Media Derivatives, Media Derivatives Exchange, movie box office, movie business, movie futures, movies, prediction markets, Trend Exchange by admin. Bookmark the permalink.

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