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Yes it could happen again, it was an act of congress. There are now two futures contracts explicitly banned in the US Code. Onion Futures, and Box Office Futu
by vmception 7y ago
Yes it could happen again, it was an act of congress.
There are now two futures contracts explicitly banned in the US Code.
Onion Futures, and Box Office Futures.
The 2010 financial reform act banned box office futures are a rider. The CFTC, the regulator, had just approved them after a few years of review. It would have given studios the ability to hedge their movies flopping, and let speculators trade how much a movie might make.
The MPAA hated it, primarily because the overexcited CFTC was trying to burden movie studios with financial compliance regulations in order to launch the market.
The CFTC is the wildest regulator, other Federal financial regulators are extremely timid. But the MPAA flexed its muscle and got a ban on the second futures contract in history.
- mraudiobook_com 7y agoSounds like a usecase for Bitcoin trading.