Story perspectives

Luxury Watch Betting Sparks Youth Concerns Amid Market Disputes

4/6/2026

Summary

Story summary

Bezel and Kalshi have launched luxury watch prediction markets that let users bet on the value fluctuations of iconic watches.
The initiative raises concerns about betting among youth, as highlighted by Michael Lewis.
The Swatch Group responded to a Morgan Stanley report criticizing its 2025 performance, disputing some claims but not all.
Efforts to preserve Timex's former headquarters in Waterbury, Connecticut, are advancing as activists challenge development plans in court.

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Story summary

Bezel and Kalshi have launched luxury watch prediction markets that let users bet on the value fluctuations of iconic watches.
The initiative raises concerns about betting among youth, as highlighted by Michael Lewis.
The Swatch Group responded to a Morgan Stanley report criticizing its 2025 performance, disputing some claims but not all.
Efforts to preserve Timex's former headquarters in Waterbury, Connecticut, are advancing as activists challenge development plans in court.