2, because futures need a clear measurable subject matter, such as gold, and stamps as a subject matter have no clear subject matter, so the price cannot be measured. So theoretically, stamps can't be futures, but the stamp futures you hear may be private speculation by some individuals or enterprises, which is illegal.
As for the stamps below the face value that some people get in the market, they are mainly obtained through the illegal operation of philatelic companies in various places.