Does Anybody Want This? Kalshi and Bezel Now Offer Watch Futures Trading
I used to really enjoy watching sports. But over the last few years, it’s become almost impossible to enjoy, as it feels like telecasts exist for the sole purpose of driving viewers toward gambling websites like FanDuel and DraftKings. It’s truly pervasive, and depending on how you view sports betting it’s either a mild annoyance or the sign of something darker and more insidious: the steady financialization of every form of entertainment. This isn’t an editorial on the ethics of gambling (or capitalism) but I’ve been thinking about both over the last several hours after we learned that Bezel, the online watch retailer that acts as an authenticated marketplace for many sought after watches from Rolex, Audemars Piguet, and others, has teamed up with Kalshi, the prediction markets platform that lets users place bets not just on sports, but on questions like “What will Pete Hegseth say during his press conference?” and “Which bank will take SpaceX public?” Now, Kalshi users and presumably watch collectors and speculators can bet on changing watch valuations, as well as the likelihood of potential new releases. This seems like a uniquely terrible idea, and I hate everything about it. First, and this goes almost without saying, as watch enthusiasts, we are always trying to divorce ourselves from placing a high degree of importance on the value of any given watch. While nobody wants to lose money on an expensive watch purchase, real joy in this hobby comes ...
Time+Tide
