Kalshi Faces Lawsuit Over $54 Million Payout Dispute in Khamenei Bet | Law-Order
Kalshi is being sued for allegedly refusing to pay $54 million to users who bet on Ayatollah Ali Khamenei's removal from power.Summary
Kalshi, a prediction market, is facing a class action lawsuit over a $54 million payout dispute related to bets placed on the potential departure of Iranian Supreme Leader Ayatollah Ali Khamenei before March 1, 2026. The lawsuit alleges that Kalshi failed to disburse funds after Khamenei was reportedly killed during U.S.-Israeli strikes, citing a 'death carveout' clause. Plaintiffs argue Kalshi exploited market volatility by offering a 'Khamenei Market' and then avoided payouts despite acknowledging the possibility of Khamenei’s removal due to military conflict. Kalshi CEO Tarek Mansour defended the clause as necessary for clarity. Prediction markets like Kalshi have gained popularity since the 2024 U.S. elections, allowing users to trade on the outcomes of global events.
(Source：Devdiscourse)