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Kalshi CEO: Opposes Profiting from Individual Deaths; Will Refund Fees for Markets Related to "Will Khamenei Step Down?"
Svmuu News: Kalshi CEO Tarek Mansour posted on X regarding Khamenei’s death and related prediction markets, stating: “We will not list markets directly linked to death. When a market involves a potential death outcome, we will design rules to prevent people from profiting from death. "As such, Kalshi will handle events related to 'Khamenei stepping down as Supreme Leader' as follows: 1. All transaction fees for that market will be refunded; 2. If a user opened a position before Khamenei’s death, settlement will be based on the last trading price prior to his death; 3. If users opened positions after Khamenei’s death, they will be fully reimbursed for their costs. Tarek Mansour added: “Not a single user will lose a single dollar in this market. We will settle the market at the last traded price before Khamenei’s death, which occurred at 1:14 a.m. Eastern Time today.”
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