CFTC approves film futures despite Hollywood protests
The US Commodity Futures Trading Commission approves exchange-traded film futures, but the industry and Congress might block the business before trading can begin
The US Commodity Futures Trading Commission (CFTC) has approved two exchange proposals for the trading of futures contracts based on film box office revenues. However, the CFTC stopped short of allowing the exchanges to begin trading in light of objections from the film industry and moves in Congress to prohibit the business.
In April, the CFTC approved applications from Cantor Futures Exchange and Media Derivatives (MDex) for designation as contract markets, allowing them to establish exchanges
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