Rumors of President Trump's death over the Labor Day weekend ignited a $1.6 million betting frenzy in crypto prediction markets. Platforms like Kalshi and Polymarket saw significant activity, with Kalshi alone handling over $700,000 in bets. Despite the rumors being unfounded, the markets did not resolve to 'yes' unless Trump resigned or was ousted non-fatally. The involvement of Donald Trump Jr. as an advisor to both companies raises ethical questions, highlighting the controversial nature of such prediction markets amid lax Web3 law enforcement in the US.