Federal regulators have given the go ahead to the Cantor Exchange, one of two online futures markets that would allow the public to wager real money on box-office results of Hollywood films, according to the Associated Press. The Commodity Futures Trading Commission gave their approval to the exchange on Monday, two weeks after a second market, Media Derivatives’ Trend Exchange, also got the green light. But hold onto your credit cards and your box-office hunches for now. Both markets face an uphill battle later this week when legislation banning the trading on box-office tallies goes before congress as part of a broader financial regulation vote. As the markets have made their way through the regulatory process over the past few months, both the six major Hollywood studios and the MPAA have come out strongly against them. Stay tuned….
Posted June 28 2010 — 6:42 PM EDT
- Mick Rock on his new show: I'm the Anthony Bourdain of rock and roll
- Chevy Chase and Beverly D'Angelo talk about their sweet cameos in the new 'Vacation'
- 'Ash vs. Evil Dead' is not a 'watered-down version' of the films
- Country singer Lynn Anderson dead at 67
- Lucy Lawless maintains no 'Xena' deal, but she'd like one
- 'The Cosby Show' producer says series is 'kind of tarnished'
- Helen Mirren poses with three wax figures of herself at Madame Tussauds
- 'The Walking Dead' Season 6: 12 EW exclusive photos
- 10 must-have items from the 'Mad Men' auction: Exclusive
- Stars go back to work! 'Scandal,' 'Arrow,' 'The Good Wife,' more return to set
- Charlie Hunnam and Excalibur glisten in 'King Arthur' first look photos
- Here are the 2015 games we're looking forward to most
- Amy Poehler, Justin Theroux, Rihanna & More!