Kalshi CEO Defends Khamenei Market Settlement Amid Backlash Over Death Carve-out Rules

TLDR: Kalshi’s “Ali Khamenei out as Supreme Leader?” market accumulated over $50 million in total trading volume. Traders who held positions before Khamenei’s death were paid out at the last-traded price of 1:14 AM ET. Kalshi’s promotional post on X during the strikes drew sharp criticism from former SEC chief of staff Fischer. Six Democratic [...]

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