Kalshi Rolls Out Prediction Markets Tied to Art Auctions

Kalshi, an online prediction market platform based in New York, launched a new category of prediction markets tied to art auction prices on May 26. The platform offers 16 contracts, including bets on whether artists like Andy Warhol and Vincent van Gogh will break their auction records, and speculation on specific lots such as Gustav Klimt's *Portrait of Gertrud Loew* (1902) at Sotheby's London. The move follows Kalshi's earlier forays into luxury watches and Pokémon cards, and comes after New York's spring auction week generated $2.1 billion in sales at Christie's, Sotheby's, and Phillips.