Kalshi Canceled Khamenei Death Bets: ALT Analysis

Kalshi prediction market’s co-founder Tarek Mansour announced that some positions opened on the platform were canceled following the confirmation of the death of Iran’s Supreme Leader Ayatollah Ali Khamenei. Kalshi does not list markets directly related to deaths and enforces strict rules to prevent profiting from potential death outcomes. Iranian state media officially announced Khamenei’s death on Sunday morning following Israel’s and the US’s attack the previous day.

Details of Kalshi’s Khamenei Market Decision

Kalshi is refunding all fees for positions opened in the “Ali Khamenei has left the Supreme Leadership” market, paying positions opened before the death at the last trading price before Khamenei’s death. For users who opened positions after the death, the difference between the paid high entry price and the last trading price is being refunded. A Kalshi spokesperson told Cointelegraph that the policy banning death markets has been in place for a long time and is clearly stated in the market rules. The decision faced intense criticism from users due to profit losses.

Source: Tarek Mansour

The prediction market for the ouster of the Iranian Supreme Leader. Source: Kalshi

Geopolitical tensions have increased suspicions of insider trading in prediction markets. While crypto assets like ALT detailed analysis were affected in February, six traders on Polymarket made approximately $1 million profit in the US attack on Iran market. These wallets had opened positions in the hours before the attack. In January, US President Donald Trump’s arrest announcement related to the leak of Venezuela’s former President Nicolás Maduro’s capture was linked to Polymarket bets.

Critical Support and Resistance Levels for ALT

While geopolitical uncertainties are pressuring crypto markets, ALT’s current price is $0.01 with a 24h -3.38% drop. RSI 32.10 (oversold signal), trend downward, Supertrend bearish, EMA 20: $0.0081.

• Supports:
  • S1: $0.0068 | Score: 85/100 (⭐ Strong) | Distance: -%4.76
  • S2: $0.0064 | Score: 52/100 (Medium) | Distance: -%10.36
• Resistances:
  • R1: $0.0081 | Score: 69/100 (⭐ Strong) | Distance: +%13.45
  • R2: $0.0137 | Score: 64/100 (⭐ Strong) | Distance: +%91.88

Check the ALT futures page for more details.

Frequently Asked Questions About ALT

Why did ALT drop?

24h -3.38% loss, supported by the overall bearish trend and Supertrend signal. Geopolitical volatility is creating additional pressure.

What is the strongest support level for ALT?

S1 $0.0068, strong with 85/100 score; supported by Fibo, intraday lows.

What does ALT RSI indicate?

The 32.10 value indicates oversold conditions, watch for potential rebound buying.