BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Kalshi cancels $54 million in bets on Khamenei after killing.

  • Prediction platform Kalshi voided all wagers on a contract betting on Iranian Supreme Leader Ayatollah Ali Khamenei’s removal after he was killed in an airstrike, citing a fine-print death carve-out.
  • Traders wagered $54 million on the contract, which Kalshi promoted on social media, sparking fury and accusations of theft when it was voided.
  • US Senator Chris Murphy and six Democratic senators have urged regulators to ban death-related contracts, calling the practice insane.
  • On offshore rival Polymarket, roughly half a billion dollars Iran-supreme-leader-killing” target=”_blank” rel=”noreferrer noopener”>changed hands on contracts tied to military strikes on Iran, a market with obvious life-or-death ramifications.
  • Crypto-based prediction markets for death events are a long-standing phenomenon, dating back to cypherpunk essays and early platforms like Augur.

Prediction market Kalshi is engulfed in controversy after allowing $54 million in trades on the removal of Iranian Supreme Leader Ayatollah Ali Khamenei, then voiding the entire market when he was killed. The platform’s rules contained a specific carve-out for death, a detail that enraged traders who saw their correct predictions nullified. “Getting rugged on a 100% correct prediction because of a fine-print ‘death carveout’ is wild,” one user lamented on Discord.

- Advertisement -

Consequently, critics accused the company of profiting from a market it never intended to honor. US Senator Chris Murphy called the situation “insane this is legal,” pledging to introduce a ban. Meanwhile, ex-SEC official Amanda Fischer noted these markets promote betting on proxies for war or assassination.

The scandal extends to Kalshi’s less-regulated competitor, Polymarket, where trades on Iran strikes reached nearly $500 million. This event is the latest in a long history of crypto death markets, which theorists have discussed since a 1995 cypherpunk essay. Previously, Polymarket has hosted markets on a YouTuber’s survival fast and saw an anonymous trader make $400,000 on Venezuelan leader Nicolás Maduro.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

XRP Sentiment Hits Two-Year Low Amid Analyst Bull Call

Sentiment around XRP has turned sharply negative, hitting one of its highest bearish levels...

STRC Preferred Shares May Drive Short Interest in MSTR

Strategy's STRC preferred shares create a perpetual cash obligation of $609 million annually, a...

Stack BTC buys £2M Bitcoin, backed by Kwarteng and Farage

Stack BTC, chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin worth $2.7...

US Dollar’s Global Share Hits 26-Year Low at 46%

The US dollar's share of global FX and Gold reserves has fallen to a...

Bitcoin Falls After US Blockades Strait of Hormuz

Bitcoin fell sharply after a heightened US-Iran geopolitical clash over the Strait of Hormuz...

Must Read

How Much Money Do You Need To Start In Crypto?

TL;DR -If you are wondering How Much Money Do You Need To Start In Crypto, note that is less than you are probably thinking....
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading