HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Actually Congress was onboard and one month away from final approval when the MPAA woke up and objected (link)
http://www.thewrap.com/movies/article/rise-plunge-movie-futures-trading-20094/
Just five months ago, two financial firms were sailing through to what seemed like slam-dunk federal approval for markets that would allow the public to trade on the predicted box-office performance. One of those firms, Cantor Fitzgerald [HSX Parent Company], claims to have had over 10,000 traders signed up and ready to go.
Then the Motion Picture Association of America stepped in, launching what would become one of the most effective — and, at times, hyperbolic — lobbying efforts in the history of the 88-year-old trade organization. And in just 90 days, the prospect of establishing movie derivatives in the U.S. — a gambit that Cantor alone had spent a decade and about $25 million pursuing — slipped away.
HSX to offer real money betting/investing/FanDuel style at some point? {nm} Apr 14, 14:12
Yes, here are some links Apr 14, 14:51
IIRC Congress basically laughed and then said "Not a chance". {nm} Apr 14, 15:42
But fantasy games (FanDuel/DraftKings) is legal and they use realistic outcomes of real sports statistics? Apr 14, 16:15
Well, you can always host the server outside USA and allow money to be played ;) (nm) Apr 15, 11:22
Actually Congress was onboard and one month away from final approval when the MPAA woke up and objected (link) Apr 14, 16:44
Okay, so Congress did not laugh but did say "not a chance" after Hollywood waved a lot of green paper at them. {nm} Apr 14, 17:47
Not really.... Apr 15, 11:26
CX stocks Apr 15, 11:28