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Hollywood Stock Exchange Set To Launch In April
You can buy and sell actor or movie "stock" for virtual cash on the website Hollywood Stock Exchange (HSX). Starting in April the company plans on letting you turn those movie performance predictions into real dollars. HSX filed with the US Commodity Futures Trading Commission for approval as an active trading site in November 2008 and has just entered the final phase of regulatory review. Richard Jaycobs, president of HSX's parent company, said, "The number of people who visit movie theaters each year and form opinions about a film's success is in the tens of millions. We believe that's the reason the public response to this product has been very positive."
To separate people from their cash?
If I had an Ass, I'd call it Fanny Bottom, then I could slap my Ass; Fanny Bottom, on the Arse.
Now instead of getting spam about how selected penny stocks on the Vancouver and Hong Kong exchanges are set to explode and make me hundreds of thousands of dollars, I'll get spam about how "TEH A-TEAM MOVIE IS THE BOMB!!!1!! BUY NOW!!!!1".
FWIW, I've been playing the old, free version of HSX for over ten years, and HSX has utterly botched not one, but two beta releases (ask anyone who was on their forums about the V2 rollout and how that went). No way, no how am I letting them anywhere near my real money.
Oh, and "BUY PINK2!".
"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."
Online gambling = illegal
Trading intangible nonsense under the guise of a "commodity exchange" = cool!
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So when is the sports stock exchange opening? I sure would love to bet... eh ehm I mean, "exchange and buy stock", for my favorite team.
That WAS tradesports, a sister website of intrade.
tradesports flamed out utterly spectacularly in 2008 for no apparent reason.
I was always mystified how two sister sites under the same company, presumably sharing code, management and backend equipment, could have one self immolate itself so thoroughly yet the other one seems just ducky even years later.
My guess is the mafia guys told them to butt out of the sports betting business, or else... That would explain a whole lot about that situation.
http://en.wikipedia.org/wiki/TradeSports
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
1) Sell the stock short
2) Release via bittorrent
3) Profit!
-1 Uncomfortable Truth