Wednesday, April 21, 2010

Hip hip hoo___ for prediction markets!

U.S. regulators on Tuesday gave the thumbs up for a second market that would give people a way to bet on expected movie box office receipts, but again withheld a decision on the contracts that would allow trading to begin.

The U.S. Commodity Futures Trading Commission’s ruling on the Cantor Futures Exchange follows a similar decision it made last week approving Variana Networks’ Trend Exchange, The Associated Press reported.

Let's have some follow through on the contracts.

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