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Kalshi CEO defends Khamenei market design after backlash, says platform will reimburse all fees
π€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
- βKalshi faced backlash over its Khamenei market design and structure.
- βThe platform is reimbursing all fees associated with the controversial market.
- βPre-death positions will be settled at the last-traded price before the event.
- βUsers who entered positions after the death event will receive full refunds.
- βThe CEO publicly defended the market design despite user criticism.
Read Original βvia The Block
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