Kalshi Partners with StockX to Launch Prediction Market for Collectibles and Sneakers
Kalshi, a prediction market platform, has teamed up with sneaker marketplace StockX to create new event contracts based on the resale prices of popular collectibles, including sneakers like Jordans, Supreme hoodies, and Labubu dolls. The contracts allow users to bet on whether specific items will surpass price thresholds after release or predict top-selling brands during major shopping events like Black Friday.
This move marks Kalshi's expansion beyond sports and political predictions into consumer goods, tapping into the booming market for high-demand collectibles that often resell for multiples of their original price. The platform’s growth follows a legal victory over U.S. regulators, which has spurred further investment, with Kalshi aiming to become a broad "everything exchange" for diverse market categories.
The partnership’s event contracts will initially focus on select releases and average resale prices for items on StockX, with plans for expansion. However, the industry continues to face regulatory challenges, with gaming regulators in Nevada scrutinizing Kalshi's operations.
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Kalshi Partners with StockX to Launch Prediction Market for Collectibles and Sneakers Kalshi, a prediction market platform, has teamed up with sneaker marketplace StockX to create new event contracts based on the resale prices of popular collectibles, including sneakers like Jordans, Supreme hoodies, and Labubu dolls. The contracts allow users to bet on whether specific items will surpass price thresholds after release or predict top-selling brands during major shopping events like Black Friday. This move marks Kalshi's expansion beyond sports and political predictions into consumer goods, tapping into the booming market for high-demand collectibles that often resell for multiples of their original price. The platform’s growth follows a legal victory over U.S. regulators, which has spurred further investment, with Kalshi aiming to become a broad "everything exchange" for diverse market categories. The partnership’s event contracts will initially focus on select releases and average resale prices for items on StockX, with plans for expansion. However, the industry continues to face regulatory challenges, with gaming regulators in Nevada scrutinizing Kalshi's operations.
Enough is enough, when is the regulation going to shut these legal insider trading markets down?