BUSINESS

Congress yells ‘CUT’ on movie box office futures exchange

TAGs: motion picture association of america, movie box office futures market

A late-night session of the House-Senate conference committee working to get the ‘Wall Street reform bill’ ready for President Obama’s signature has banned the trading of derivatives based on movie box office results. Very pleased are the Motion Picture Association of America, while very pissed are Cantor Fitzgerald and Veriana (whose Trend Exchange was already putting Matt Dillon’s future up for bids). Oh well, guess those Wall Street gamblers will have to find some other casino in which to gamble. Read more.

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