Senate Puts Final Nail in Coffin of Movie-Futures Trading 2 years ago
Update, noon Thursday:
The Senate on Thursday overwhelmingly passed far-reaching financial reform legislation that included a ban on...
By Ira Teinowitz
Language was in original Senate bill, but not in House version -- courts may have to decide issue
Creatively it devalues art, while on the business side it increases the possibility of market manipulation
Bipartisan group wants ban kept in reconciled financial reform package
Analysis: In today's arid film-funding climate, a little legalized gambling might not be such a bad thing
Senator makes move to ban it just as trading commission approves Media Derivatives plan
Letter to the Commodity Futures Trading Commission calls them the "economic equivalent to legalized gambling on movie receipts"
Rob Thomas is directing the movie, which is being made possible by Kickstarter