‘Khamenei Out’ Market Becomes Legal Headache for Kalshi
Plaintiff law firm Lieff Cabraser said it is investigating Kalshi over the settlement of a prediction market tied to the fate of Iranian Supreme Leader Ali Khamenei, raising the possibility of a class-action lawsuit against the CFTC-regulated exchange. The inquiry follows controversy around Kalshi’s “Ali Khamenei out as Supreme Leader” market, which attracted more than…