TechFlow reports that on March 1, Kalshi CEO Tarek Mansour posted on a social media platform regarding the death of Iran’s Supreme Leader Ayatollah Ali Khamenei and related prediction market events: “We will not list markets directly tied to death. When a market outcome could involve death, we implement rules to prevent individuals from profiting from death.”
Accordingly, Kalshi will take the following actions concerning the market on “Khamenei stepping down as Supreme Leader”:
- All trading fees for this market will be refunded;
- For positions opened before Khamenei’s death, settlement will be based on the last traded price prior to his death;
- For positions opened after Khamenei’s death, users will receive full compensation for their costs.
Tarek Mansour stated: “No user will lose a single dollar in this market. We will settle the market at the last traded price before Khamenei’s death—01:14 a.m. Eastern Time today.”
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