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3d ago

MoviePass Launches Blockchain-Based Fantasy Film Platform 'Mogul'

The new platform lets users predict box office results and awards, with over 400,000 on the beta waitlist and future monetization plans in development.

A cartoon image shows a man in a suit in front of a Hollywood background at night.
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MoviePass cofounders Stacy Spikes (front) and Hamet Watt in 2011, the year their company launched.
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Overview

  • Mogul allows players to act as studio heads, competing in fantasy-style tournaments by predicting box office performance, ratings, and awards.
  • The platform, built on the Sui blockchain, is backed by Mysten Labs and Animoca Brands, with digital wallets for in-game currency and collectibles.
  • Currently in beta with over 400,000 users on the waitlist, Mogul operates using virtual currency, with plans for paid upgrades and cash prizes in later phases.
  • Mogul is part of MoviePass’s broader Web3 strategy and is set to integrate with its main app to expand user engagement and monetization opportunities.
  • Regulatory classification of Mogul as a fantasy sports or prediction market platform remains uncertain, requiring potential state-by-state approvals in the U.S.