FlightAware sues Kalshi over alleged unauthorized data tap for flight cancellation markets
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Flight tracking site FlightAware has sued Kalshi, accusing the prediction markets platform of improperly using its data and name to "run gambling markets on flight cancellations.
Key facts
Last month, New York filed a lawsuit against Kalshi for allegedly running an illegal gambling operation in the state
In response, the Commodity Futures Trading Commission has sued several states to establish federal oversight of the prediction markets sector
Last month, Kalshi launched markets allowing users to bet on flight cancellations, according to the filing
Kalshi never informed FlightAware that it would rely on FlightAware's data to determine the outcome of these betting markets," FlightAware said in the complaint
Summary
In a Monday filing, FlightAware alleged that Kalshi operates prediction markets relying on its data while presenting the company as a close partner, which FlightAware said has jeopardized its reputation. Last month, Kalshi launched markets allowing users to bet on flight cancellations, according to the filing. "Kalshi never informed FlightAware that it would rely on FlightAware's data to determine the outcome of these betting markets," FlightAware said in the complaint. "There was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for massive disruption of air travel," FlightAware said, adding that customers immediately assumed the company was involved in bets on Kalshi.