Dubai Air Defense Force intercepts drone, explosions heard consecutively, missile lands in urban area

Kalshi Co-Founder and CEO Tarek Mansour posted on X on March 1 regarding Iran’s Supreme Leader Ali Khamenei: “Regarding Khamenei: We will not list markets directly tied to ‘death.’ If a market’s potential outcome involves death, we will use rule design to prevent people from profiting from deadly events—this is exactly what we’re doing here. I know some disagree, arguing these markets should launch without a ‘death exclusion clause’ for simpler rules, and that many traditional markets (e.g., crude oil futures) could be seen as indirectly linked to war and death. But we believe this differs from markets that settle directly based on someone’s death—the latter is prohibited for U.S.-regulated entities.” However, today’s events have revealed opportunities to improve user experience and make rules more prominent. Kalshi will take the following actions: - Refund all fees generated by the “Khamenei Stepping Down as Supreme Leader” market; - Settle positions held before Khamenei’s de

On February 28, Israel and the United States conducted military strikes against multiple locations in Iran. Iran retaliated by targeting Israeli and U.S. military bases across the Middle East, including in the United Arab Emirates (UAE) and Qatar. Earlier today (local time, March 1), explosions were reported again in Dubai (UAE) and Doha (Qatar). (CCTV International News)

Update: On March 1, crypto analytics firm OnchainLens reported that the whale address "pension-usdt.eth" closed its BTC long position, netting roughly $466,000 in profits.

On March 1, reports emerged that six new wallets on prediction market platform Polymarket had accurately bet on contracts tied to “U.S. military strikes against Iran by the end of February” **before** the U.S. launched such a strike on February 28. The wallets netted roughly $1 million in total profits, sparking concerns about potential insider trading. Blockchain analytics firm Bubblemaps found the six wallets were all newly created in February, with nearly all trades focused on contracts predicting the timing of U.S. military action against Iran. Some positions were opened just hours before the first reports of explosions in Tehran, with buy-in prices as low as around $0.10. Analysts said this concentrated betting ahead of a major geopolitical event mirrors “suspected insider trading” seen in past prediction markets. Data shows that during the escalation of U.S.-Iran tensions, cumulative trading volume for related attack contracts on Polymarket exceeded $529 million. The “Febru

On March 1, Saudi Arabia’s main stock index (TASI) trimmed its losses to 1.6%. Shares of Saudi National Bank, Riyad Bank and other lenders fell, while Saudi Aramco gained more than 2%.

**March 1 Update** Elon Musk on Wednesday retweeted his Jan. 4 Persian-language reply to a Jan. 3 tweet from the late Iranian Supreme Leader Ali Khamenei, adding: "That's how it is." Khamenei’s original Jan. 3 post stated: "We will never yield to the enemy." Musk’s Jan. 4 response was: "A foolish fantasy."