- State Department backs Azerbaijan after ‘unprovoked’ Iranian strike The Hill
- The United States Condemns Iranian Drone Attack on the Republic of Azerbaijan U.S. Department of State (.gov)
- Could Azerbaijan be dragged into the US-Israeli war on Iran? Middle East Eye
Day: March 7, 2026
The Iranian state-affiliated Fars News Agency said US and Israeli bombing targeted an oil refinery in southern Tehran.
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Meanwhile, CNN crews heard what sounded like a wave of airstrikes and major explosions in the Iranian capital. The team also saw a large fire in the south of Tehran, in the area where oil and gas installations are located.
The strikes lasted for about an hour, with thuds in the east, south and northwest of the city.
CNN reports from Iran with the permission of the Iranian government.
The post IDF starts new wave of strikes on Tehran appeared first on azeritimes.com.
Israeli aircraft reportedly struck oil storage tanks in Tehran as the conflict between Israel and Iran continues to escalate, News.Az reports, citing CNN.
According to media reports, several fuel depots and oil storage facilities in the Iranian capital were targeted, triggering large fires and plumes of smoke visible across the city.
Iranian authorities confirmed explosions in parts of Tehran, while Israeli officials said the strikes were aimed at key infrastructure linked to the Iranian regime. No immediate information was released on casualties, but emergency teams were deployed to contain the fires and assess the damage.
The post BREAKING: Israel struck oil storage tanks in Tehran – VIDEO appeared first on azeritimes.com.
Saudi Arabian Oil Company Aramco diverted some oil shipments to the Red Sea port of Yanbu to ensure safety and continuity of supply, News.Az reports Saudi state-run Al Ekhbariya TV.
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“We are closely following developments to take appropriate decisions to restore operations to its normal status when the circumstances stablise,” the channel said.
The post Saudi Aramco temporarily diverts some oil shipments to Yanbu port appeared first on azeritimes.com.
You are here: Home / News / Kalshi Faces $54 Million Lawsuit Over Disputed Bet on Iran’s Leader Death
What to know:
- Traders have filed a lawsuit against Kalshi, claiming the platform refused to pay about $54 million to traders.
- The CEO had defended the company’s decision, stating that the platform’s rules exclude death as a valid outcome for resolving the markets.
A lawsuit has been filed against the prediction market platform Kalshi over allegations that it failed to pay millions to traders who placed bets on the political future of Ali Khamenei.
The complaint was filed on Thursday, and it claims that the company refused to settle about $54 million in winning bets from users who predicted that Khamenei would leave office before the 1st of March. The disputes came after it was reported that the Iranian leader was killed on Saturday during joint U.S.–Israeli strikes that targeted senior officials in Iran.
According to the lawsuit, traders participated in a market bet on Kalshi that asked whether Khamenei would leave office before the deadline. The plaintiffs argue that the outcome should have been resolved in their favor after the 85-year-old leader was killed, which clearly means he was removed from power.
Also Read: Crypto Market See Volume Surge as Iran Tensions Push Toward 24/7 On-Chain Trading
According to the complaint submitted, Kalshi refused to settle the predictors peacefully but instead brought in a contractual clause referred to as a “death carveout.”
The lawsuit also claimed that the company applied the clause after Khamenei’s death and that it was done in order to avoid paying customers who had predicted earlier that he would leave the office before the deadline.
Plaintiffs also argued that the possibility of Khamenei’s death was understood by traders as a realistic path through which the prediction could resolve.
Kalshi Defends Its Market Rules
In response to the allegations, Kalshi’s CEO, Tarek Mansour, said the company acted in accordance with its already established market rules.
Mansour shared on X that the platform had clearly defined the conditions and explained that death doesn’t count as a qualifier for resolving the market in favor of the traders that bet that Khamenei would leave office.
We stand by principle and law:
1. Kalshi didn’t deviate from its market rules. They were clear that death did not resolve the market to “Yes”.
2. Kalshi’s rules prevented a ‘death market’, where traders directly profit from death. This is a good thing (+ we’re a US based… https://t.co/gXMeQECFLz
— Tarek Mansour (@mansourtarek_) March 6, 2026
According to him, the rule was designed to prevent the prediction markets from becoming a platform where participants could profit directly from a person’s death.
Tarek Monsour, CEO Kalshi, Source: Bloomberg
He also said the company did not financially benefit from the disputed market and that Kalshi reimbursed users who lost money in the event. Mansour also added that so far, no customer has left the market.
Also Read: Pi Network (PI) Surges 60%: Bullish Momentum Signals Potential $1 Target
About Onyi
Onyinye is a News Desk writer at Tronweekly with one year of experience covering blockchain technology, decentralized finance (DeFi), and emerging Web3 developments. She focuses on delivering clear, timely, and accurate crypto news, monitoring breaking stories, ecosystem updates, and crypto-related crimes and enforcement developments. Based in Nigeria, Onyinye has contributed to multiple digital media platforms and holds a degree in Mass Communication, following strict newsroom and fact-checking standards to ensure reliable reporting for a global audience.
The post Kalshi Faces $54 Million Lawsuit Over Disputed Bet on Iran’s Leader Death appeared first on azeritimes.com.
Video from the protests in Tbilisi
Day 465 of continuous pro-European protests in Tbilisi. On March 7, thousands gathered at the Philharmonic Hall to take part in the traditional Saturday march. “Strength in Unity!” was the slogan of the rally.
The participants marched along the central Rustaveli Avenue and, as usual, joined thousands more gathered outside the parliament building.
For more than a year – since November 2024 — continuous protests have been taking place in Georgia, with demonstrators demanding that the country return to the path of European integration. Every evening thousands, and often tens of thousands, gather in Tbilisi and several other cities. Over this time dozens of participants have been detained, many have faced criminal charges, and some have been sentenced to prison terms.
For the first time in the history of independent Georgia, the country has up to 150 prisoners of conscience, including women. Among them is Mzia Amaglobeli, founder of the popular outlets Batumelebi and Netgazeti. In 2025 she was sentenced to two years in prison for slapping a police officer.
Protesters demand the release of all political prisoners, new parliamentary elections – as they do not recognize the results of the 2024 vote – and the repeal of all anti-democratic laws adopted over the past two years.
To suppress the protests, the ruling Georgian Dream party has increasingly tightened repression against civil society and the media. However, protests in various forms continue.
News in Georgia
Video from the protests in Tbilisi
🌐Experts: Georgia seeks stronger regional influence via cooperation with Armenia & Azerbaijan.
Pashinyan’s Tbilisi visit highlights dialogue on diplomacy and the Middle Corridor.
#Georgia #Armenia #Azerbaijan #Pashinyan #SouthCaucasus #MiddleCorridor #Geopolitics— News.Az (@news_az) Mar 7, 2026