Kalshi voids some bets on Khamenei's ouster because it's 'directly tied to death'

"Kalshi doesn't "list markets directly tied to death" and that its rules are designed to "prevent people from profiting from death." In addition, Kalshi is refunding fees related to the market and reimbursing anyone who purchased shares after Khamenei's death."

"Some users have voiced anger at how the situation was handled, claiming that either Kalshi's rules should have been communicated more clearly, or that its markets should have been more narrowly worded to avoid confusion. Some are accusing Kalshi of trying to have it both ways by allowing users to bet on Khamenei being out of power."

"Mansour defended that having a market on Khamenei was important, he said that "having a market directly settling on someone's death" was not allowed under US regulations. Unlike Polymarket, Kalshi does not appear to have allowed a market for betting on when or if the US would launch another military strike on Iran."

Kalshi CEO Tarek Mansour announced the company would settle its "Khamenei out as Supreme Leader" market at the last trading price before Khamenei's death. The company refunded all fees and reimbursed users who purchased shares after his death, citing US regulatory restrictions on markets directly tied to death. Mansour stated Kalshi's rules prevent profiting from death. However, users criticized the handling, arguing rules were unclear or markets were poorly worded. Some accused Kalshi of profiting by allowing bets on Khamenei's removal while refusing full payouts. Mansour defended the market's importance but acknowledged regulatory constraints. Polymarket maintained its similar market without apparent payout changes, though US user access remains unclear.

Read at The Verge