In a statement on X, Kalshi CEO Tarek Mansour said his company would pay out positions on “Ali Khamenei out as Supreme Leader?” at the last trading price before his death. Mansour said that 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 wor …