Feds Approve Box-Office Futures

Hooray! Finally, your impulse to short sell every crappy remake, reboot and sequel has received official approval in Washington. The U.S. Commodity Futures Trading Commission has given its blessing to the Trend Exchange, which could commence betting on box-office futures by the end on July. (The first movie named as a possible subject is Takers, which opens Aug. 20.) The MPAA remains furious about the whole thing, but once they get the hang of flop insurance, there's no doubt they'll come around. [THR]