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Prediction market Kalshi sued over $54M Iran leader bets after ‘death carveout’ invoked

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1 week ago

Kalshi is facing a $54 million class action lawsuit after traders accused the prediction market of invoking a "death carveout" clause to avoid paying bets tied to the killing of Iran’s Supreme Leader, according to reporting from Reuters.Kalshi was sued in federal court Thursday over contracts that asked whether Ayatollah Ali Khamenei would leave office before March 1, 2026, according to a class action complaint.Khamenei, 85, was killed Saturday in U.S.-Israeli strikes that left hundreds dead, including top Iranian officials. The strikes occurred under the ongoing Operation Epic Fury.The lawsui...

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1 week ago
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