The Reputation Market Gets Closer with Film Futures

So if you are reading about this “real-money movie box office futures exchange” being created by Cantor and thinking it is the weirdest thing imaginable, you’re not wrong! Mostly because the terms of trading seem insufficient-”contracts on the Cantor exchange will trade at $1 for every $1 million a movie is expected to bring in” with just long and short positions-to make it worthwhile to trade on the box office expectations of films. But this could go extremely well. We refer you back to the reputation market, which draws nearer every day. Monetizing popular expectations? Check. A database for everyone to check in with and mess around with the hourly surge of popular judgment? Check! A currency tied to, um, nothing related or tangible at all? Hoorah! Finally we’re living in the future.