Kalshi refuses to pay winnings on $54M trade related to Khamenei's death, drawing user fury
New York Post • • general
Key Points:
- Kalshi, a US-based prediction market, faced backlash for refusing to pay out $54 million in winnings on bets that Iranian Supreme Leader Ayatollah Ali Khamenei would be "out as Supreme Leader" by a certain date, citing rules prohibiting markets tied directly to death.
- Users accused Kalshi of changing rules last minute and withholding legitimate payouts, with some bettors reporting significant losses despite initially winning large sums.
- Kalshi defended its decision by stating it settled bets based on rules preventing profits from death, offering refunds to those who bet after Khamenei's death and paying out based on last-traded prices before his death.
- Rival platform Polymarket, operating offshore with different regulations, did not freeze trades on
