[2026-03-07] The latest IT, economic, blockchain and coin news
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2026-03-07 | Curator: CryptoTerminal
Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death
Popular prediction markets platform Kalshi is facing a class action lawsuit related to its handling of a market on the unseating of Iranian leader Ayatollah Ali Khamenei. Filed in the District Court for the Central District of California, the suit alleges that the platform ran a “predatory scheme to exploit retail consumers” by creating expectations that it would pay out correct predictions, yet failed to do so in its recent “Ali Khamenei out as Supreme Leader?” market. The plaintiffs allege...
