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Kalshi was sued in a proposed class action alleging it refused to pay $54 million owed to traders who correctly bet that Iranian Supreme Leader Ali Khamenei would leave office before April 1, 2026. Khamenei was killed Feb. 28 in joint U.S.-Israeli airstrikes. The platform invoked a pre-existing "dea

Bitcoin (BTC) dropped to $63,000 before recovering toward $67,000 after coordinated U.S.-Israeli military strikes on Iran over the weekend triggered a broad sell-off across risk assets, according to a Mar. 2 market update from trading firm Wintermute. What Happened: Conflict Shakes Markets The opera

Social media claims that U.S.-Israeli strikes on Iran could wipe out 5% of global Bitcoin (BTC) hashrate and trigger a massive sell-off have been dismissed by industry analysts and mining executives as significantly overstated. Iran accounts for an estimated 2%–5% of global hashrate in early 2026 -

BitMEX co-founder Arthur Hayes argued in a Mar. 2 essay titled "iOS Warfare" that U.S. military engagement with Iran will follow a four-decade pattern of Federal Reserve rate cuts and money printing in response to Middle Eastern conflicts, a scenario he said would ultimately push Bitcoin (BTC) highe

Prediction market platform Polymarket accumulated $529 million in trading volume on US-Iran strike contracts - one of the largest single-market totals in the platform's history - while blockchain analysts identified six freshly created wallets that collectively netted approximately $1 million by bet