Kalshi Event Ambiguity and Litigation Risk: When Resolution Criteria Create Disputes
A trader on a regulated exchange buys a contract predicting that a government agency will announce a specific policy by a certain date. The deadline arrives without the expected announcement. The exchange issues a clarification: the contract will resolve based on a press release from any subordinate office, not just the main agency headquarters. Traders […]
Kalshi Event Ambiguity and Litigation Risk: When Resolution Criteria Create Disputes Read More »