Kalshi Founder Outlines Next Steps for 'Iran Leader Ousted By' Market

Tarek Mansour, co-founder of the prediction market Kalshi, explained the platform's decision to void certain positions following the confirmed death of Iran's Supreme Leader Ayatollah Ali Khamenei. Kalshi's policy prohibits markets directly tied to death, or designs rules to prevent profiting from death, which was applied here. The platform is reimbursing all fees for the "Ali Khamenei out as Supreme Leader" market. Traders with positions open before his death will be paid based on the last-traded price before his death, while those who opened positions afterward received a reimbursement for the difference between their entry price and that last traded price. This decision faced backlash online, with users accusing the platform of curtailing profits, though Kalshi maintained its long-standing policy was clearly stated in the market rules. The article also briefly mentions related insider trading suspicions on rival platform Polymarket concerning bets on potential US strikes against Iran.

(Source：Cointelegraph)