FlightAware drops Kalshi lawsuit over a market niche that data shows it never took off
The flight-tracking company voluntarily dismissed, without prejudice and without sharing a motive for its decision. However, the flight cancellation market never took off with Kalshi users.
FlightAware, the world's largest flight-tracking platform, has voluntarily dismissed its lawsuit against prediction markets platform Kalshi, citing the modest retail interest in the aviation niche. The lawsuit, filed in a New York federal court, accused Kalshi of using FlightAware's flight data and trademark without permission to run bets on airline cancellations.
According to Fortune, Kalshi paused flight cancellation contracts after facing concerns from social media users about malicious actors causing flight cancellations to collect payouts. FlightAware's dismissal allows the company to refile its claims, though the motives remain unclear. The low liquidity in the U.S. flight cancellation bet, with only 31,412 contracts traded and $1,842.48 in aggregate dollar volume, contrasts with Kalshi's overall $148 billion in volume for the year.
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