Kalshi CEO: Opposes profiting from individual deaths and will refund fees related to the "Will Khamenei step down" market

Kalshi CEO Tarek Mansour posted on X regarding the death of Khamenei and related prediction market events, stating: "We will not list markets that are directly tied to death. When a market may have a death outcome, we will design rules to prevent people from profiting from death."

Because of this, Kalshi will handle the "Khamenei stepping down as Supreme Leader" related events as follows:

1. All fees for this market will be refunded;

2. If users opened positions before Khamenei's death, settlements will be based on the last trading price before Khamenei's death;

3. If users opened positions after Khamenei's death, costs will be fully reimbursed.

Tarek Mansour further stated: "No user will lose a dollar in this market. We will settle the market at the last transaction price before Khamenei's death, which was at 1:14 AM Eastern Time today."