Getting your player ready...
WASHINGTON — Federal regulators on Monday paved the way for a second online exchange letting investors make bets on movies’ future box- office receipts.
The Commodity Futures Trading Commission approved the proposed futures contracts for the new Cantor Futures Exchange. That allows movie futures trading to proceed. The vote was 3-2. Two weeks ago, the agency narrowly approved box-office futures contracts for the new Trend Exchange.
However, legislation banning trading of box-office futures is part of the overhaul of financial regulation now before Congress for a final vote.
