Kalshi's CEO, Kalshi CEO, stated that oil futures can be proxy markets for war and death, but this is different from a market directly settling on someone's death, which is not allowed for US regulated entities. The company refunded bettors at the last traded price before the death of the Iranian war. However, this doesn't mean wagers related to the Iran war are profiting from death. This shift in public view of wealth-building and the world shifts when military strikes and regime change become wins and losses. Federal regulation of prediction markets has decreased under President Donald Trump's administration, which ended two federal investigations into Polymarket.