Prediction Market Giant Kalshi Faces Federal Lawsuit Over Khamenei Bet Payout Refusal

TLDR: Kalshi is facing a $54 million class-action lawsuit over its refusal to pay out on the Khamenei market. Plaintiffs argue Kalshi’s death carveout was applied after Khamenei’s death, not before trading began. Kalshi claims its rules were always clear and that it reimbursed all fees and net losses to affected users. The lawsuit could [...]

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