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Kalshi CEO defends Khamenei market design after backlash, says platform will reimburse all fees

The Block|Zack Abrams||5 views
🤖AI Summary

Kalshi CEO defended the platform's controversial Khamenei market design following user backlash. The prediction market platform is reimbursing all fees, settling pre-death positions at last-traded prices, and providing full refunds for post-death positions.

Key Takeaways
  • Kalshi faced backlash over its Khamenei market design and structure.
  • The platform is reimbursing all fees associated with the controversial market.
  • Pre-death positions will be settled at the last-traded price before the event.
  • Users who entered positions after the death event will receive full refunds.
  • The CEO publicly defended the market design despite user criticism.
Read Original →via The Block
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