Kalshi and Polymarket face backlash over death-related Iran airstrike markets

Prediction platforms Kalshi and Polymarket are embroiled in controversy following large bets on Iran airstrikes and the death of Khamenei. The 'death carveout' rule has led Kalshi to refund bets on Khamenei’s death, citing ethical concerns. This controversy raises questions about the trustworthiness and regulation of prediction markets in sensitive geopolitical contexts.