Kalshi founder provides update on Iran’s Khamenei market carveout
The prediction platform said it would reimburse users and resolve markets to the last-traded price before the death of the Iranian leader was confirmed.
Tarek Mansour, the co-founder of prediction market Kalshi, provided an update, following the platform’s decision to void some positions that were opened after the death of Iran’s Supreme Leader Ayatollah Ali Khamenei was confirmed.
“We don’t list markets directly tied to death. When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death. That is what we did here,” Mansour said in a post on X.
Iranian state media reported the death early Sunday, after an attack launched by Israel and the United States a day earlier.