Kalshi Faces Legal Dispute Over Market Settlement Method

Prediction market platform Kalshi is facing potential legal action due to controversy surrounding its settlement method related to the death of Ayatollah Khamenei. According to ChainCatcher, the company opted to pay traders based on the last trading price before the death and refund fees, rather than actively settling the market. The CEO stated that this decision was influenced by U.S. regulatory constraints. Former New York legislator Ben Geller is organizing affected users to prepare a class-action lawsuit.