Rolex Enthusiasts Get Kalshi Contracts to Bet on Watch Prices

Luxury watch devotees can now bet on where the price of their beloved Rolex is headed or which model Patek Philippe will discontinue.

Kalshi Inc. is working with watch marketplace Bezel to create so-called event contracts tied to high-end watches as part of a push to expand betting on collectibles, according to executives at the companies.

It’s the latest in a string of prediction products rolled out for goods such as sneakers and items like Labubus and Pokémon cards. The contracts allow users to trade on outcomes such as whether an item will surpass a price threshold or predict whether ...