Kalshi CEO: Not Allowed to Settle on Death, Hameini-Related Prediction Markets Will Settle Based on Price Before Demise

BlockBeats News, March 1st, Kalshi Co-Founder and CEO Tarek Mansour wrote on X Platform, stating, "About Khamenei: We will not list markets directly related to 'death.' When the potential outcome of certain markets involves death, we will avoid allowing people to profit from deadly events through rule design. This is exactly what we are doing in this case. I know some of you disagree and think that these markets should be listed without a 'death exclusion clause' because it would make the rules simpler, and many traditional markets (such as crude oil futures) could themselves be seen as indirect markets related to war and death. But we believe that this is different from markets that directly settle based on someone's death — the latter is not allowed for entities regulated by the United States."

But today's events have also made us realize that we have room for improvement in optimizing the user experience and making the rules more prominent. At the same time, we will take the following actions: refund all fees generated by the 'Khamenei Stepping Down as Supreme Leader' market; settle based on the final pre-death transaction price for those holding positions before Khamenei's death; fully refund the opening costs for those establishing positions after his death.

No user will lose a single dollar in this market. We will settle based on the final pre-death transaction price — specifically at 1:14 AM ET (time of the initial strike). If you bought a position at a higher price today, we will refund the difference to ensure that your funds are not at risk. Furthermore, we will also refund all fees paid by users in this market."