A friend made a killing in pretend dollars on the pretend part of this game. Maybe this effort to securitize the real world movie business can yield him a real world fortune?
For years, Cantor Fitzgerald, a Wall Street investment firm, has been operating the “Hollywood Stock Exchange” a fake-money game in which players trade “stocks” to bet on how films will do at the box office. Now Cantor could soon get government permission to make a real-money version of the game—a market in which players can gamble on the success or failure of, say, Pirates of the Caribbean 4.
Sign up for my newsletter.