Kalshi's response to its $2.2 million Iran mess: More fine print

Business

The prediction market Kalshi wants you to know that it definitely doesn't run "death markets." In a notice filed Monday, the company proposed standardizing the terms of all its markets that implicitly depend on a person surviving. If a person dies, according to the new rule, all bets related to them will be paid out at the odds that existed just before they died or their death was "reasonably anticipated by market participants." The rule goes into effect March 17, according to the notice. The

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