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FlightAware Drops Lawsuit Against Kalshi | Bitcoin and Crypto News
Description
FlightAware dropped its lawsuit against Kalshi just one day after filing it, accusing the prediction market of misusing its flight data and trademark for cancellation betting — though no official reason was given, leaving the door open for future legal action. The case sparked social media outrage over potential flight disruptions for bets, while actual trading volume on Kalshi’s aviation contracts remained minuscule — just 31,000 contracts worth under $2,000. Kalshi defended itself by claiming fair use of FlightAware’s name and citing government data as an alternative. This legal pause comes amid other regulatory hurdles for Kalshi, including a recent CFTC ruling forcing it to stay in New York — raising broader questions about third-party data rights in prediction markets.
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