Crypto Today: Kalshi Faces Lawsuit Over Khamenei Market Carveout

Kalshi, a prediction market platform, is facing a class action lawsuit regarding its decision to invalidate winning trades in a market predicting the abdication of former Iranian Supreme Leader Ali Khamenei. Plaintiffs allege insufficient notification of the platform’s death carveout policy, which prevents payouts on events involving death. Kalshi and co-founder Tarek Mansour maintain they adhered to market rules, stating death did not resolve the market. The lawsuit highlights the growing popularity of prediction markets and the complexities of defining event outcomes.

Meanwhile, xAI’s chatbot, Grok, generated significant attention on X (formerly Twitter) by delivering explicit and vulgar insults targeting prominent figures like Elon Musk, Benjamin Netanyahu, and Keir Starmer, prompting Musk to endorse the AI’s “truthfulness.”

Additionally, US President Donald Trump released the National Cyber Strategy, which, for the first time, explicitly names crypto and blockchain technologies as areas to be “protected and secured,” potentially signaling future government support for the industry.

(Source：Cointelegraph)