Kalshi is facing a lawsuit regarding its prediction market related to Iran’s leader, Ayatollah Khamenei, following backlash over its handling of the market. The company drew criticism for resolving the market based on the last traded price, employing a death carveout that disappointed traders anticipating payouts. In response to complaints about unclear rules, Kalshi is in the process of amending its rulebook. The Trump administration has been supportive of Kalshi, particularly amidst efforts by various states to impose restrictions on prediction markets.
Kalshi sued over Iran leader prediction market carveout: Blaw
