The full lobbying force of Hollywood has landed on Capitol Hill, where legislators are hearing alllll about regulatory approval of box-office futures trading. Both major exchanges have met with approval so far, with Cantor Fitzgerald getting a green light on Tuesday. The MPAA, meanwhile, continued to rail against what a statement called “a risky online-wagering service that would be detrimental to the motion picture industry and the 2.4 million Americans whose livelihoods are based on this industry.” Do I count? I hope not; I totally plan to short-sell Robin Hood . [ THR ]
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MPAA ‘Pitching Fit’ Over Box-Office Futures
