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This is worth paying attention to though, the CFTC has traditionally had a lackadaisical approach to approving financial products, where other agencies are typi
by ringaroundthetx 9y ago
This is worth paying attention to though, the CFTC has traditionally had a lackadaisical approach to approving financial products, where other agencies are typically risk averse and out in much more rigor
This has led to Congress itself banning futures products
There are two futures contracts explicitly banned in the US, and another could easily ride into the tax reform bill
- buttcoinslol 9y agoI know about cornering the onion market and the Onion Futures Act, what is the other banned futures contract in the US?
- ringaroundthetx 9y agoBox office futures (Speculating on how many movie tickets would sell for a new movie, would be a great way to hedge and speculate) This was shut down by congress right before it started, last minute addition to the financial reform bill while simultaneously getting the all clear from cftc