Kalshi Voids Some Bets On Khamenei’s Ouster Because It’s ‘directly Tied To Death’

In a connection connected X, Kalshi CEO Tarek Mansour said his institution would salary retired positions connected “Ali Khamenei retired arsenic Supreme Leader?” astatine nan past trading value earlier his death. Mansour said that Kalshi doesn’t “list markets straight tied to death” and that its rules are designed to “prevent group from profiting from death.” In addition, Kalshi is refunding fees related to nan marketplace and reimbursing anyone who purchased shares aft Khamenei’s death.

Some users person voiced anger astatine really nan business was handled, claiming that either Kalshi’s rules should person been communicated much clearly, aliases that its markets should person been much narrowly worded to debar confusion. (“Will Khamenei resign?” for example.) Some are accusing Kalshi of trying to person it some ways by allowing users to stake connected Khamenei being retired of power, which they judge was ne'er going to hap without his death, but refusing to salary retired people’s bets successful afloat to boost their bottom line.

While Mansour defended that having a marketplace connected Khamenei was important, he said that “having a marketplace straight settling connected someone’s death” was not allowed nether US regulations. Unlike Polymarket, Kalshi does not look to person allowed a marketplace for betting connected erstwhile aliases if nan US would motorboat different military onslaught connected Iran.

Polymarket does not look to person altered payouts connected its ain akin market, “Khamenei retired arsenic Supreme Leader of Iran by March 31?” However, it’s unclear if this stake was disposable to users successful nan US astatine this time. Neither Kalshi nor Polymarket has responded to requests for explanation aliases further comment.