Kalshi is facing a class action lawsuit alleging it failed to properly pay out on wagers regarding the death of Iran's Ayatollah Khamenei, as it reportedly added a "death carveout" rule after the event occurred.
Simultaneously, Kalshi is actively trying to grow its female user base, which has doubled to 26% of its total users over ten months by catering to women's interests.
The company is also in intense competition with rival prediction market Polymarket, with both platforms now offering contracts on the S&P 500 and battling for market dominance.
Main topics: Kalshi's class action lawsuit, its efforts to attract more women users, and its competition with Polymarket including new financial contracts.