When an Israeli-American business executive saw the green tickers indicating that his bets on the ouster of Ayatollah Ali Khamenei as Iran's supreme leader had "won," he thought he had made a huge profit.
The $3.460 bet suddenly turned into a profit of more than $63 after American and Israeli forces killed the ayatollah in an airstrike. However, there was one problem: the bet never paid out.
This happened because the Kalshi prediction market platform refused to pay users around $54 million that players had bet on Khamenei to step down as supreme leader, reports say. MEDIA.
The company justified the decision by saying that the ayatollah's death is not considered a "fall from power" and that its platform does not allow bets directly related to a person's death - even though the bets were collected and promoted as such.
Some users placed large amounts and felt cheated, getting angry on social media and saying that Kalshi "changed the rules" and left them without the winnings they thought they had won.
The company claimed to have compensated users by returning their money proportionally, but those who had the opportunity for big profits openly expressed their anger. /Telegraph/
