Calci, the largest prediction market platform by monthly spot trading volume, has announced a strategic partnership with Bezel, a certified luxury watch expert, to enable Calci users to bet on luxury watch prices. Kalsi announced the move today, March 3, on X Post.
Bloomberg reported today, citing executives from both companies, that the partnership with Bezel is part of Calci’s broader strategy to strengthen its offerings in the collectibles market.
Quaid Walker, CEO and co-founder of Bezel, told Bloomberg that watches “have been seen as a financial market for a very long time, but they’re also driven by passion.”
Kalsi’s previous efforts in the collectibles market include a recent partnership with StockX, a platform for trading physical collectibles, from trading cards to sneakers and other apparel and accessories.
Today’s announcement comes as hybrid on-off-chain platforms are still having their biggest month yet, with $9.8 billion in trade volume in February, outpacing on-chain predictive marketplace Polymarket’s monthly trade volume for the sixth month in a row, according to Artemis data.
Polymarket’s sales last month were just under $8 million, but the sector total fell month-on-month for the first time since August last year as rival Opinion, based in the BNB chain, recorded a significant decline.
Carsi and Polymarket have been in a close battle in recent months, both in terms of volume and valuation, since their most recent funding round.
Prediction market monthly spot volume. Source: Artemis
The prediction markets industry navigates a complex legal landscape, with platforms such as Calci and Polymarket under intense scrutiny in the United States, where both platforms currently operate as regulated entities under the Commodity Futures Trading Commission (CFTC).
As The Defiant reported, the CFTC took a strong public position on the issue last month, arguing that the CFTC, not individual states, should regulate prediction market platforms.
This article was created with the help of AI Workflow.
