Prediction Market Kalshi Faces Class Action Over Iran War-Linked Bets

A proposed class action lawsuit now targets prediction market Kalshi after traders disputed payouts tied to bets on Ali Khamenei leaving office. The complaint, filed in the U.S. District Court for the Central District of California, followed reports of U.S. and Israeli airstrikes during the Iran War. Traders claim the platform halted a $54 million market while refusing expected payouts.