Kalshi Voids Positions Following Khamenei’s Death Announcement
- Kalshi voided positions in the market related to Ayatollah Ali Khamenei’s death, adhering to its policy against “death markets.”
- Traders with positions opened before Khamenei’s death will be paid based on the last-traded price before the announcement.
- Users who entered trades after the confirmation of his death will receive a reimbursement for their losses.
- The decision followed backlash from users who felt it limited their profit opportunities.
- Kalshi reiterated its long-standing policy against profiting from death-related outcomes in prediction markets.
The platform’s actions come after Iranian state media reported Khamenei’s death, which was linked to a recent attack by Israel and the U.S. Kalshi aims to maintain ethical standards by preventing profit from tragic events.
As part of its response, Kalshi is reimbursing all fees associated with the “Ali Khamenei out as Supreme Leader” market, ensuring traders are compensated fairly based on pre-death prices.(Source)
