US regulators seemed to have approved film futures exchanges, until last-ditch lobbying from the MPAA, agents and exhibitors persuaded Congress to ban them in the early hours of 25th June.
At least two companies, Cantor Exchange and Trend Exchange were set to go. Cantor has some interesting
support for their idea.
The anti-film futures lobby argued that such a market could encourage speculators to bet against a movie's success and even promote file sharing as a tool to drive the box office of a film down.
Approval for film futures trading seems to have been caught in the general backlash against derivatives manifest in the "Restoring American Financial Stability Act".
The AFTRS Centre for Screen Business has conducted trials of a "Box Office Prophesy" system, which looked at prediction markets for box office performance.
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