The Kalshi prediction market was sued for ​failing to pay $54 million to people who bet that Iranian Supreme ‌Leader Ayatollah Ali Khamenei would leave office before March ​1, according to a class-action lawsuit filed on ⁠Thursday (March 6, 2026). Khamenei was killed on Saturday in U.S-Israeli strikes that left hundreds dead, including top Iranian officials. Kalshi did not invoke a “death carveout” provision until after the Iranian leader was ‌killed to avoid paying customers in Kalshi’s “Khamenei Market” what ‌they ⁠were owed, the lawsuit said. They offer ⁠tradable yes-or-no contracts that allow users to bet on a wide range of real-world events from sports ‌to politics and the economy. Bet costs fluctuate between zero and 100 cents, and typically pay out when an ​outcome is confirmed.

Source: The Hindu March 07, 2026 05:51 UTC