X-Nico

unusual facts about Hollywood Stock Exchange


Michael R. Burns

Burns has served as chairman of Ignite Entertainment, a Los Angeles-based entertainment production company, was co-founder of the Hollywood Stock Exchange, and serves as chairman and co-founder of Novica.com.


Prediction market

Hollywood Stock Exchange creator Max Keiser suggests that not only are these markets no more predictive than their established counterparts such as the New York Stock Exchange and the London Stock Exchange, but that reducing the unpredictability of markets would mean reducing risk and, therefore, reducing the amount of speculative capital needed to keep markets open and liquid.


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