Kalshi faces class action over Khamenei leadership market and death carveout rules

A class action suit has been brought against prediction market platform Kalshi, accusing it of failing to clearly disclose a "death carveout" in its "Ali Khamenei out as Supreme Leader" market and of not paying out winning positions. The plaintiffs argue the carveout policy was missing from the user-facing rules summary and say Kalshi's reimbursement based on the last traded price lacked transparent timing details. Kalshi co-founder Tarek Mansour counters that the firm was following its long-standing policy against death-linked markets and reimbursed all users from its own funds.