The art world, as much as we love it, has never been accused of lacking opportunities for speculation. But apparently “there’s room for one more, honey.“
On Wednesday, Artnet announced that it had partnered with Kalshi, the prediction-market platform that lets users bet on everything from election results to sporting events. Artnet will become Kalshi’s official art partner, helping select markets and supplying the auction data used to determine which bets pay out.
The reaction on Instagram was swift and, let’s say, not particularly kind.
