[Kalshi CEO: Refunds for 'Will Khamenei Step Down' Market Fees] According to Deep Tide TechFlow, on March 1, Kalshi CEO Tarek Mansour made a statement on social media regarding the Iranian Supreme Leader Khamenei's death and related prediction market events: 'We do not list markets directly tied to death. When a market could result in outcomes related to death, we design rules to prevent people from profiting from it.' As a result, Kalshi will handle the 'Khamenei stepping down as Supreme Leader' event as follows: - All fees for this market will be refunded. - If users opened positions before Khamenei's death, settlements will be based on the last trading price before his death. - If users opened positions after Khamenei's death, the full cost will be reimbursed. Tarek Mansour further stated: 'No user will lose a single dollar in this market. We will settle the market based on the last trading price before Khamenei's death, which occurred at 1:14 AM Eastern Time today.'