this post was submitted on 01 Mar 2026
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Chapotraphouse

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Kalshi is not paying out "Khamenei out of power by [date]" contracts because he died. A tweet by a founder... (xcancel.com)
submitted 1 month ago* (last edited 1 month ago) by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net
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[–] InevitableSwing@hexbear.net 17 points 1 month ago

The platform is reimbursing all fees, settling pre-death positions at the last-traded price, and fully refunding post-death positions, though critics say Kalshi actively promoted what amounted to a proxy death market.

https://www.theblock.co/post/391678/kalshi-ceo-defends-khamenei-market-design-after-backlash-says-platform-will-reimburse-all-fees