Regulators Approve Movie Futures Markets
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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.