The CEO of Kalshi is defending the market design related to Khamenei. According to reports, the platform is taking steps to address concerns, including reimbursing all fees associated with the market. Furthermore, Kalshi will settle pre-death positions at the last-traded price. The platform will also fully refund post-death positions, according to the announcement. The development follows backlash regarding the market's design and function.

The CEO of Kalshi is defending the market design related to Khamenei. According to reports, the platform is taking steps to address concerns, including reimbursing all fees associated with the market. Furthermore, Kalshi will settle pre-death positions at the last-traded price. The platform will also fully refund post-death positions, according to the announcement. The development follows backlash regarding the market's design and function.