Kalshi Defends Policy as Prediction Markets Hit Record Popularity

[cryptoenthusiast]

Tarek Mansour, co-founder of Kalshi, has defended the platform’s handling of the controversial market tied to Ali Khamenei. Mansour stated that Kalshi has a standing policy against “death markets,” explaining that rules are designed to prevent users from profiting directly from someone’s death.

The company says it reimbursed affected users based on the last traded market price before the event was confirmed, though critics argue the calculation lacked transparency. The dispute comes at a time when prediction markets are seeing record trading volumes in 2026, drawing both new users and increasing scrutiny.

[JanEmil]

Why do we need sites like Kalshi ?