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Regulators Approve Movie Futures Markets
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Regulators Approve Movie Futures Markets

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Regulators Approve Movie Futures Markets

Regulators Approve Movie Futures Markets
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U.S. regulators have approved a second market that would give speculators a way to bet on expected movie box office receipts. The ruling on the Cantor Futures Exchange follows a similar decision last week approving the Trend Exchange. Trading has not yet begun.

STEVE INSKEEP, host:

Good morning. I'm Steve Inskeep.

Regulators may be cracking down against fancy trading at Goldman Sachs, but other regulators may allow you to bet on the Hollywood box office. The Commodity Futures Trading Commission has now approved two markets in movie futures. Trading has not begun yet and Hollywood calls it legalized gambling. But the idea is that you'd bet on the receipts of upcoming movies. You could gamble on the success or failure of the next vampire flick. You're listening to MORNING EDITION.

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