http://wsbradio.com/blogs/jamie_dupree/2010/04/betting-on-movies.html#comments
“I found one group on the internet that is trying to get approval from the feds to trade in “sports based financial instruments” - they call it the Sports Risk Index.
It says they are “dedicated to developing and marketing sports-focused financial instruments and tools to be traded on the global regulated financial markets.”
If you could bet on which movie makes the most money, why not place bets - err, I mean, futures contracts - on something related to sports?”
First earned media.
April 25, 2010 at 11:56 am
The movie box office contract approval discussion will stay in the media until the first week of June when a decision is expected (unless acted on sooner, which I doubt) and probably a bit longer (if denied) and a LOT longer (if approved). That will keep this issue live until a few weeks before our SRI publication in late June (if Cantor/Trend are denied) and THROUGH SRI publication (if approved).
The question becomes what do we do with this window of opportunity (if anything).
April 25, 2010 at 1:28 pm
This was on the Neal Boortz radio program. As an avid listener I heard this very conversation and my ears perked up.
April 26, 2010 at 1:38 pm
You should watch Max Keiser at maxkeiser.com. He invented the platform and sold it to Cantor Fitzgerald for millions.
He says that because of deregulation that this new derivative will ruin Hollywood because it will be raped and pillaged by the same financial terrorists that have destroyed the world economy.
Check out his latest TV Show where he goes into great detail on this:
Keiser Report April 27th 2010
April 27, 2010 at 9:50 pm
TGOG…Grow up. My goodness.
April 28, 2010 at 8:15 am