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Hollywood Tries to Block Market for Movie Bets

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"In a show of solidarity, many of the film industry’s major players, and some sympathetic lawmakers, have aligned in an 11th-hour push to block new financial instruments that would allow traders to swap contracts tied to box-office results," according to the New York Times. "A coalition led by the Motion Picture Association of America was expected to file by Thursday comments that would urge the Commodities Futures Trading Commission to reject a request by Veriana Networks to create a market for film futures contracts. Some of Hollywood’s largest labor unions and professional organizations will back the M.P.A.A.’s push."
SOURCE:   New York Times