Cantor Fitzgerald has announced a futures trading product linked to Hollywood box-office revenues. Cantor already owns a successful play for fun prediction market site based on box-office revenues - HSX.
This is a new legal form of mass market online gambling for the US. What is interesting is that the futures market is regulated by the Commodity Futures Trading Commission. This is the regulator responsible for futures markets in oil, metals and grains. Will the CFTC go one step further and begin regulating futures on sports markets?
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