Prizepicks buying of the cards means the sales weren’t natural — they were bought for promotional purposes. But at least there is a buyer. It would have been suspect to never have a disclosure. But yes, whoevers wins these is selling them right away. So it created a fast new comp and it won’t be higher.

Hit a hole-in-one. Free mattresses if the team wins. You went to an insurance company that specialized in calculating the odds. That was probably until 2006. Then it moved to Las Vegas, where ticket brokers holding inventory for one team would bet against that team to hedge. Then, by 2018, it moved to online sportsbooks. Now it's happening on prediction markets. An LA-based restaurant group put $60,000 on Kalshi before the NLCS that the Dodgers would lose to the Brewers. Why? They calculated that a Dodgers World Series run would bring in an extra $120,000. No run, $0. So they hedged. Guaranteed $60,000 either way. The Dodgers lost. The $60,000 grossed $120,000. Why an exchange and not a sportsbook? At a sportsbook, your price is locked. The only way out is a cash-out, and that number is set by the book's algorithm. On an exchange, there's thousands of competing buyers on the other side. The price moves. It's a reflection of the market, and you can take it or leave it at any point. The speculators who believed the Dodgers would win provided the liquidity the sportsbook never did. Marketplaces like Kalshi are giving businesses the exchange that prize indemnity and sportsbooks never could. Because the other side is real.

Buyer is Miami real estate investor @RonFirman3, who has been spending a ton on collectibles. — Bought SGC 9.5 1952 Topps Mantle for $12.6 million. - Bought 1951 Mantle Type 1 card photo for $3M. - Bought Willie Mays’ 1954 NY Giants World Series ring for $458,250.