Mars Finance reports that the prediction market platform Kalshi is facing controversy over its settlement method related to the death of Ayatollah Khamenei, potentially leading to legal action. The company has chosen to pay traders based on the last trading price before his death and refund fees, rather than actively settling the market. The CEO stated this was due to U.S. regulatory restrictions. Former New York legislator Ben Geller is organizing affected users to prepare for a class-action lawsuit.
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Prediction market platform Kalshi faces potential legal action over markets settled related to the death of Ayatollah Khamenei
Mars Finance reports that the prediction market platform Kalshi is facing controversy over its settlement method related to the death of Ayatollah Khamenei, potentially leading to legal action. The company has chosen to pay traders based on the last trading price before his death and refund fees, rather than actively settling the market. The CEO stated this was due to U.S. regulatory restrictions. Former New York legislator Ben Geller is organizing affected users to prepare for a class-action lawsuit.