GeneralBearishProtos · Mar 26/103
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Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting
Kalshi, a prediction market platform, voided $54 million in trades on Ali Khamenei's potential ousting after his death, using a contractual 'death carve-out' clause to avoid payouts. The incident highlights potential issues with prediction market terms and conditions that can nullify large trading positions.
