Sports ticket derivative

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.[1]

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.

As of September, 2008, yoonew has offered sports ticket derivatives for the Super Bowl, NFC Championship Game, AFC Championship Game, NCAA Men's Final Four, College Football BCS National Championship Game, NBA Finals, MLB World Series, Stanley Cup Finals, and UEFA European Football Championship. Launching in 2011 Ticketscore.com is the current leader within this marketplace offering ticket derivatives for the NFL,MLB,NHL,NBA and major collegiate sports.

How it works

For example, you could purchase a Team Fantasy Seat through yoonew for the New York Giants at a market-based price.[2] If the Giants make it to the Super Bowl, the holder of the contract receives a Super Bowl ticket at no additional cost. Ticketscore.com allows you to buy into a price reduced team contract and pay over a term of up to 26 weeks.

gollark: ```haskellmain = putStrLn "Hello, world!"```
gollark: I'm at the point of knowing the syntax and basic libraries and stuff, but I have no idea how to write useful code.
gollark: Also monads, which are burritos, oranges in a radioactive spacesuit, and also `Monad m => (a -> m b) -> m a -> m b`.
gollark: I find it very hard to reason about code which frequently ends up chopping up infinite lists.
gollark: Haskell code is very confusing because of its crazy use of abstraction everywhere, somewhat alien (but nice and clean) syntax, and the whole lazy evaluation thing.

See also

References
  1. "Forbes - "Final Four Tickets at 80% Off"". 22 December 2005.
  2. "Super Bowl Tickets At A Fraction Of The Price: Super Deal Or Super Swindle?".
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