Kalshi Sued Over $54M Market on Iran Leader Exit

TLDR Kalshi faces a proposed class action over a $54 million market on Iran’s Supreme Leader Ali Khamenei leaving office. Traders allege the platform failed to honor payouts on “yes” positions after halting the market. The lawsuit claims Kalshi did not clearly disclose a death-related carveout before reports of airstrikes surfaced. Plaintiffs argue the contract [...]

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