Kalshi Sued Over 54 Million Dollar Khamenei Payout

Kalshi faces a lawsuit for refusing a 54 million dollar payout on its Khamenei market. Users claim the platform used a death carveout to avoid its obligations.

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The prediction market platform Kalshi is facing a class action lawsuit for allegedly failing to pay out $54 million to users who bet on the departure of Iranian Supreme Leader Ayatollah Ali Khamenei. The legal action, filed on Thursday, centers on a market predicting whether Khamenei would leave office before March 1, 2026.

A man holds a poster featuring a picture of late Iran's Supreme Leader Ayatollah Ali Khamenei during a demonstration by Houthi supporters in solidarity with Iran and Lebanon, amid the U.S.-Israeli conflict with Iran, in Sanaa, Yemen March 6, 2026. REUTERS/Khaled Abdullah
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