Prediction-market turmoil: Kalshi freezes $54M on Khamenei-death bets
TL;DR Summary
Traders on Kalshi had placed about $54 million in bets predicting the death of Iran’s Ayatollah Ali Khamenei, but Kalshi halted payouts amid a policy against profiting from death, highlighting ethical and regulatory concerns about real-world event betting on prediction markets.
- Bettors wagered $54 million on Khamenei’s death. Now they’re not getting paid. The Washington Post
- How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened The New York Times
- Prediction market trader 'Magamyman' made $553,000 on death of Iran's supreme leader NPR
- Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
- A Darkly Modern Guide to Betting on War Bloomberg.com
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