(credit to http://www.latimes.com/news/nationworld/nation/la-na-court-nfl-20100525,0,6276594.story) The 9-0 ruling declares the teams are individual businesses and not a ‘single entity’ and leaves owners open to be sued if they conspire to restrict competition in the sale of merchandise. David G. Savage, Los Angeles TimesMay 25, 2010 Reporting from WashingtonThe National Football League is not a single business shielded [...]

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http://www.midasoracle.org/2010/05/20/what-was-said-at-the-u-s-house-ways-means-committees-hearing-on-internet-gambling-and-betting-video/ Share this:FacebookEmailPrint

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(credit to: http://tinyurl.com/25ym82x) On Friday May 21, 2010, 1:01 am EDTBy Kevin Drawbaugh and Andy Sullivan WASHINGTON (Reuters) - The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate awarded a [...]

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A few things really stood out for me in today’s hearing: The economic purpose test matters with or without the CFMA of 2000. Thankfully the SportsRiskIndex® was written to the older and tougher standard. Industry support is an absolute necessity. If the support is vocal and from major players, that is ideal. For certain, resistance [...]

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(credit to: http://www.marketwatch.com/story/movie-futures-gain-steam-but-bill-may-kill-plan-2010-05-19) By Russ Britt, MarketWatchLOS ANGELES (MarketWatch) — The prospects for movie future contracts appeared to gain steam in a Washington hearing Wednesday, but the idea to spread risk on filmmaking may never get off the ground if the U.S. Senate has anything to say about it. Six of eight participants in the [...]

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(credit to: http://dealbook.blogs.nytimes.com/2010/05/19/heated-debate-during-movie-time-at-the-c-f-t-c/) Hollywood clashed with Wall Street on Wednesday at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures. The large studios, along with labor unions and some independent producers, were vehemently opposed to the idea, saying that the contracts amounted to gambling that [...]

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(credit to: http://www.businessweek.com/news/2010-05-19/film-futures-give-studios-influence-chilton-says-update1-.html) (Updates with comment from commissioner in fourth paragraph.)By Todd ShieldsMay 19 (Bloomberg) — A market for betting on movie box- office receipts would give a producer or studio “great influence” over the value of the contracts, U.S. Commodity Futures Trading Commission Commissioner Bart Chilton said.“Movie derivatives differ greatly from corn or wheat,” [...]

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(source: http://www.cftc.gov/PressRoom/PressReleases/pr5824-10.html) Washington, DC – The United States Commodity Futures Trading Commission (CFTC) will hold a public meeting beginning at 9:30 am, on Wednesday, May 19, 2010 (see CFTC press release #5821) to consider issues and hear the views of interested parties related to the trading of futures and binary options based on motion picture [...]

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(credit to: http://edocket.access.gpo.gov/2010/2010-11395.htm) [Federal Register: May 12, 2010 (Volume 75, Number 91)][Notices] [Page 26738-26739]From the Federal Register Online via GPO Access [wais.access.gpo.gov][DOCID:fr12my10-36] =======================================================================———————————————————————- COMMODITY FUTURES TRADING COMMISSION Sunshine Act Meeting Notice Agency Holding the Meeting: Commodity Futures Trading Commission. Date and Time: May 19, 2010 at 9:30 a.m. Place: Three Lafayette Centre, 1155 21st St., [...]

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(credit to: http://online.wsj.com/article/SB10001424052748703339304575240210188815300.html?mod=WSJ_Stocks_LEFTTopNews) By SARAH N. LYNCH WASHINGTON — The Commodity Futures Trading Commission will hold a public hearing next week to examine the growing controversy surrounding a plan by two firms to offer futures contracts tied to box-office receipts. Trend Exchange, owned by Veriana Networks, and Cantor Exchange, which is owned by Wall Street [...]

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