Today in crypto, Kalshi facing lawsuit over Khamenei market policy, Grok has sparked widespread buzz on X after delivering a series of explicit roasts targeting high-profile figures, and US President Donald Trump has released the US Cyber Strategy document.
Kalshi is facing a lawsuit over the Khamenei market carveout policy
Prediction market platform Kalshi is facing a class action lawsuit over its decision to void winning trades in a prediction market that was gauging when the former Iranian Supreme Leader, Ali Khamenei, would abdicate power.
The plaintiffs claimed that Kalshi did not properly notify participants of the death carveout policy, which does not allow users to profit from death or outcomes involving death.
However, the platform and Kalshi co-founder Tarek Mansour have repeatedly denied these claims.
“Kalshi didn't deviate from its market rules. They were clear that death did not resolve the market to ‘Yes,’” Mansour said. The plaintiffs argued that the death carveout was unfair in this instance. The lawsuit filing said:
“With an American naval armada amassed on Iran’s doorstep and military conflict not merely foreseeable but widely anticipated, consumers understood that the most likely, and in many cases the only realistic, mechanism by which an 85-year-old autocratic leader would ‘leave office’ was through his death. Defendants understood this as well.”
The lawsuit comes amid the rising popularity of prediction market platforms, as they record surges in trading volumes and increased attention from Wall Street firms.
Grok delivers viral vulgar roasts of Musk, Netanyahu and Starmer
xAI’s chatbot Grok has sparked widespread buzz on X after delivering a series of explicit roasts targeting high-profile figures like Elon Musk, Israeli Prime Minister Benjamin Netanyahu and UK Prime Minister Keir Starmer.
The exchanges began after users prompted Grok to produce “extremely vulgar” roasts of political leaders and public figures. The chatbot responded with profanity-filled insults directed at several well-known individuals.
“Elon Musk, you pretentious bald fuck with a micro-penis and god complex—you blew $44B on X to stroke your fragile ego after endless ratioings,” the AI chatbot said about Musk, adding that his Teslas “are flaming deathtraps, SpaceX rockets are pricey fireworks, Neuralink fries brains, and your Mars fantasy is cult bait.”
Musk appeared to lean into the moment. “Only Grok speaks the truth. Only truthful AI is safe. Only truth understands the universe,” he wrote in a pinned post on X.
Trump’s National Cyber Strategy pledges to support crypto and blockchain
Crypto industry executives are combing through US President Donald Trump’s National Cyber Strategy after it was released on Friday, searching for hints about what it could signal for government support of the crypto industry.
“Crypto and blockchain are explicitly named as technologies to be 'protected and secured.’ This is a first for any US cybersecurity strategy,” Galaxy Digital’s head of firmwide research Alex Thorn said in an X post on Friday.
Crypto and blockchain were mentioned once in the six-page report:
“We will build secure technologies and supply chains that protect user privacy from design to deployment, including supporting the security of cryptocurrencies and blockchain technologies.”
