{"id":22956,"date":"2026-03-02T06:37:19","date_gmt":"2026-03-02T06:37:19","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kalshi-ceo-defends-no-death-rule-after-khamenei-market-backlash\/"},"modified":"2026-03-02T06:37:25","modified_gmt":"2026-03-02T06:37:25","slug":"kalshi-ceo-defends-no-death-rule-after-khamenei-market-backlash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kalshi-ceo-defends-no-death-rule-after-khamenei-market-backlash\/","title":{"rendered":"Kalshi CEO defends \u2018no death\u2019 rule after Khamenei market backlash"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kalshi\u2019s CEO has defended the company\u2019s handling of its market on whether Iran\u2019s Supreme Leader, Ali Khamenei, would be \u201cout\u201d of power, after backlash from users who accused the platform of unfair settlement practices.<\/p>\n<div id=\"cn-block-summary-block_02cd3b0cfb2c24fb912aa54f19c8795c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kalshi says it does not allow markets that directly settle on death and structured the Khamenei contract with a \u201cdeath carve-out.\u201d<\/li>\n<li>The market was settled at the last traded price before the time of death, with fee refunds and reimbursements issued.<\/li>\n<li>Users accused the platform of unclear rules, unfair payouts and inconsistent standards, threatening to switch to competitors.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In a detailed <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/mansourtarek_\/status\/2027924240926638323\" target=\"_blank\" rel=\"nofollow\">post<\/a> on X, the CEO said Kalshi does not list markets that settle directly on someone\u2019s death. <\/p>\n<p>When outcomes may involve death, he explained, the company structures rules to prevent users from profiting from it. That approach was applied to the Khamenei contract, which allowed trading on whether he would be out as Supreme Leader, a development the company argued carries major geopolitical, economic and national security implications, including potential effects on oil and commodity prices.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Under Kalshi\u2019s rules, the market was settled at the last traded price before the time of death. All positions, regardless of when they were opened, were paid out based on that final pre-death price. In addition, the company said it reimbursed the difference for users who bought shares after the time of death at higher prices and refunded all trading fees tied to the market.<\/p>\n<p>The CEO acknowledged that some users disagreed with the \u201cdeath carve-out,\u201d arguing that simpler rules without exceptions would be preferable. He said the company would work on improving how such caveats are displayed in the user interface.<\/p>\n<p>However, several users pushed back sharply, accusing Kalshi of unclear rules, deleting responses, and failing to honor what they believed was a straightforward bet. Some claimed financial losses and said they would move to rival prediction markets. <\/p>\n<p>Others pointed to previous contracts involving elderly public figures, arguing the company had previously allowed markets where death was a foreseeable outcome.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You settled Jimmy Carter to &#8220;No&#8221; on attending Trump&#8217;s inauguration after he died. You knew people were betting the 99 year old would die before the event. You settle on death, just not when it makes you money. This has nothing to do with death, this has everything to do with your\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/HD5Mr7kwph\">pic.twitter.com\/HD5Mr7kwph<\/a><\/p>\n<p>\u2014 jellyman (@jellymanguy) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/jellymanguy\/status\/2027935504943939927?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 1, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The dispute highlights growing tensions over how regulated U.S. prediction markets handle sensitive, mortality-linked events.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi\u2019s CEO has defended the company\u2019s handling of its market on whether Iran\u2019s Supreme Leader, Ali Khamenei, would be \u201cout\u201d of power, after backlash from users who accused the platform&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22956"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22956\/revisions"}],"predecessor-version":[{"id":22957,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22956\/revisions\/22957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10007"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}