Kalshi settles Khamenei market at pre-death prices after controversy
Kalshi said it does not list contracts directly tied to a person’s death and settled its market on whether Ali Khamenei would remain in power at the last-traded price before his death. The company reimbursed some post-event buyers and returned transaction fees, while users complained that they did not receive full payouts. Separately, Polymarket users traded $500 million on the timing of US military strikes in Iran, reportedly.
The dispute over settlement rules and event contracts may affect how US platforms handle politically sensitive markets.