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Legal class action document and trading screen representing the Kalshi lawsuit over the Khamenei prediction market.

Breaking: Kalshi Hit With Class Action Over Khamenei ‘Death Carveout’

March 8, 2026 Jackson Miller

A federal class action lawsuit filed in the Southern District of New York on March 15, 2026, alleges that prediction market platform Kalshi engaged in deceptive practices regarding a critical rule in its market concerning the ouster of former Iranian Supreme Leader Ali Khamenei. The plaintiffs, representing affected traders, claim Kalshi failed to properly disclose […]