Kalshi, a prediction market firm, faces a class-action lawsuit over a dispute related to the settlement of contracts with Iran.
CoinFeed reported on March 8th that, according to The Information, the prediction market Kalshi is facing a class-action lawsuit over settlement issues related to prediction event contracts involving the Iranian war. The plaintiffs claim the platform failed to pay appropriate bonuses to users of the relevant contracts. The report states that the dispute primarily revolves around contracts related to whether Khamenei will step down. Previously, Kalshi CEO Tarek Mansour had explicitly opposed profiting from individual deaths and stated that the platform would refund related fees to the event contract market. This dispute comes against the backdrop of a surge in trading volume in geopolitical prediction markets, which have attracted a large number of users and sparked ethical and regulatory debates about whether trading related to war or individual deaths should be permitted.