A sports ticket derivative is a type of futures contract specifically for sports tickets. Typical terms of a ticket future contract stipulate that a ticket to a specific game (typically a championship game, such as Super Bowl or World Series) is delivered to the holder of the contract contingent on a specific team making it to that event. Ticket futures were first offered by Yoonew in 2004, under the title of Team Fantasy Seats.
History
Sports ticket futures were first offered in 2004 by Yoonew. They came in the form of Team Fantasy Seats which allowed investors and fans to buy a contract for a Super Bowl or NCAA Final Four ticket contingent on a specific team reaching the event.
See also
References
- "Forbes - "Final Four Tickets at 80% Off"". 22 December 2005. Archived from the original on December 24, 2005.