Prediction market platform Kalshi faces a class action lawsuit alleging it failed to pay out wagers on when Iranian Supreme Leader Ali Khamenei would leave office, despite his recent death. The lawsuit claims Kalshi only implemented a 'death carveout' policy after Khamenei's demise. Meanwhile, the platform is reportedly working to increase female user participation, which has doubled over the past ten months.
Background
Prediction markets allow users to bet on real-world events, operating in a legal gray area between financial trading and gambling. Kalshi is one of the leading regulated prediction market platforms in the US.
- Source
- The Verge
- Published
- Mar 10, 2026 at 05:18 AM
- Score
- 5.0 / 10