Prediction Markets
Kalshi and Bezel launch Watch Futures prediction market for luxury watches
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U.S.-regulated prediction market Kalshi has partnered with luxury watch marketplace Bezel to launch Watch Futures, enabling bets on future prices, discontinuations, and launches of high-end timepieces like Rolex and Patek Philippe models. Using Bezel's Beztimate engine for real-time valuations, the platform—priced from $1 per contract—expands into collectibles amid regulatory scrutiny and ties into events like Watches and Wonders.
Hypebeast has published its Week 2 College Hoops Culture Report ahead of March's major basketball tournament. The report covers player-exclusive sneakers, style trends like throwback jackets, recent conference wins, and key first-round matchups. It also highlights prediction markets powered by Robinhood.
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Hypebeast has launched The College Hoops Culture Report, a series focused on the cultural aspects of the annual college basketball tournament. The report highlights moments like Cinderella runs and sneaker trends alongside the games. It partners with Robinhood’s prediction market platform to offer fans real-time engagement options.
Senator Elizabeth Warren has accused former Representative Sean Patrick Maloney of breaching a prior commitment by taking the helm of a new industry group linked to cryptocurrency firms. The Massachusetts Democrat highlighted Maloney's history of moving between government roles and crypto advisory positions. She described the appointment as emblematic of Washington's revolving door issues.
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A recent report highlights intensifying competition between Robinhood and Coinbase as the boundaries between stock trading and cryptocurrency blur. Robinhood's stock surged 186% in 2025, while Coinbase's fell 12%, despite a supportive political environment for crypto. Both firms are expanding into each other's domains and vying for dominance in prediction markets.
A federal judge in Nevada ruled against prediction market platform Kalshi, stating that its sports-related event contracts fall under state gaming regulations rather than exclusive federal oversight. The decision dissolves a preliminary injunction and could impact other providers like Polymarket. Kalshi plans to appeal to the Ninth Circuit Court of Appeals.
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Travis McGhee, an executive at Crypto.com, expressed confidence that U.S. courts will affirm the Commodity Futures Trading Commission's authority over prediction markets. He highlighted how these markets outperformed traditional polling during the 2024 U.S. election.
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