Capitol Hill Steps in to Film Futures Battle

I have been on a number of assignments today that have kept me from the blog, but here’s the latest on Hollywood’s effort to stop a proposed new futures exchange tied to the weekend box office returns of movies. The industry’s lobby has been vocal in its opposition, fearing that the trading of film futures will lead to some embarrassing scenarios, not the least of which is the possibility of some kind of show-biz centric insider trading scandal.

Some powerful lawmakers on Capitol Hill are getting involving, writing letters to the regulatory body that has to approve the exchanges. Here’s the latest.

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