Amid escalating tensions between the U.S. and Iran in recent weeks, traders turned to platforms like Kalshi and Polymarket to speculate on the future of Iran’s leadership. Many were placing bets on whether Supreme Leader Ali Khamenei would stay in power. However, everything changed when news broke that Khamenei had been killed in U.S.-Israel strikes, leaving traders and analysts alike grappling with more questions than answers.
Prediction-market traders betting against Iran’s Khamenei got a messy reminder to always read the fine print
Share
Read more