Kalshi CEO: Opposes profiting from individual deaths; will refund fees related to the "Has Khamenei stepped down" market

SmartContractAuditor · 2026-03-01T03:35:31+00:00

Kalshi CEO Tarek Mansour stated that markets directly related to death will not be allowed. Regarding the death of Khamenei, Kalshi will refund the fees and compensate users based on their opening times to ensure users do not incur losses. This arrangement aims to maintain the ethics and fairness of the market.

SmartContractAuditor

2026-03-01 03:35:31

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Odaily Planet Daily reports that Kalshi CEO Tarek Mansour posted on X regarding the death of Khamenei and related prediction market events, stating: “We will not list markets directly linked to death. When a market might result in a death outcome, we design rules to prevent people from profiting through death.”

Because Kalshi will take the following actions regarding the event “Khamenei stepping down as Supreme Leader”:

Refund all fees for that market;
If users opened positions before Khamenei’s death, settlement will be based on the last trading price before his death;
If users opened positions after Khamenei’s death, their costs will be fully reimbursed.

Tarek Mansour added, “No user will lose a dollar on this market. We will settle the market based on the last trade price before Khamenei’s death, which occurred at 1:14 AM Eastern Time today.”

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