HSX predicts how much money these movies will make at the box office.
The Twilight Saga: Eclipse – H$279.67
This is how it works:
Because trading directly affects the prices of the securities — purchasing enough shares of a stock causes its price to rise, and selling causes its price to fall — and because the ultimate value of a movie stock is based on the film’s box office, stock prices act as box office predictions. For example, if a particular moviestock trades at “H$40.00″, the market is predicting that the movie will gross US$40 million at the box office in the first four weekends of wide release. In 2007, players in the Hollywood Stock Exchange correctly predicted 32 of the 39 major-category Oscar nominees and 7 out of 8 top-category winners. The Hollywood Stock Exchange is considered a good example of a prediction market.
Source via TwilightBritneyFan