CFTC Approves Box Office Receipt Contracts

On June 14, the CFTC found that the terms and conditions of the proposed Weekend Motion Picture Revenue futures and binary option contracts for the motion picture Takers, submitted by Media Derivatives, Inc., do not violate the Commodities Exchange Act or the CFTC’s regulations under the Act, and therefore approved the contracts.  The CFTC found that the contracts are based on commodities, are not readily susceptible to manipulation and serve an economic hedging purpose.  Release.  Statement of the CFTC.