Kalshi sued over $54M Iran leader bets after ‘death carveout’
Fox Business • • business
Key Points:
- Kalshi is facing a $54 million class action lawsuit after traders accused the prediction market of using a "death carveout" clause to avoid paying bets related to the killing of Iran’s supreme leader, Ayatollah Ali Khamenei.
- The lawsuit claims that after Khamenei's death in U.S.-Israeli strikes, Kalshi invoked the clause to deny payments on contracts predicting whether he would leave office before March 1, 2026.
- Plaintiffs argue the contract language was clear and accuse Kalshi of deceptive and predatory behavior, stating customers expected payouts given the geopolitical context and Khamenei's death.
- Kalshi’s CEO, Tarek Mansour, defended the carveout as a way to
