Sports Ticket Derivatives
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 awarded 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.
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.
How it works
For example, you could purchase a Team Fantasy Seat for the New York Giants at a market-based price. If the Giants make it to the Super Bowl, the holder of the contract receives a Super Bowl ticket at no additional cost.