FlightAware Sues Kalshi Over Use of Flight Data for Betting Markets
Flight tracking service FlightAware has filed a lawsuit against prediction market Kalshi, alleging unauthorized use of its data to create markets for betting on flight cancellations. FlightAware claims Kalshi used its branding and information without permission, leading to potential market manipulat
Key takeaways
- FlightAware has sued Kalshi for allegedly using its flight data to host prediction markets on flight cancellations.
- The lawsuit claims Kalshi used FlightAware's data and branding without authorization.
- FlightAware expressed concern that these betting markets could be manipulated and pose safety risks.
- FlightAware is seeking a jury trial for damages.
FlightAware, a real-time flight tracking company, has initiated legal action against Kalshi, a platform that hosts prediction markets. The lawsuit claims Kalshi has been using FlightAware's proprietary data to operate betting markets focused on flight cancellations without authorization.
According to FlightAware, Kalshi began allowing users to bet on the number of U.S. flight cancellations or cancellations at specific airports approximately one month prior to the lawsuit's filing. FlightAware asserts that Kalshi displayed its branding and utilized its information even after FlightAware demanded they cease such activities. The flight tracker stated it was unaware of Kalshi's flight cancellation betting markets until media outlets began reporting on them.
Kalshi and similar platforms permit users to wager on a variety of future events. FlightAware argues that these markets, despite rules against insider trading, are susceptible to manipulation. The company expressed concern that the flight cancellation markets could be exploited, potentially leading to interference with flight operations and posing safety risks to travelers and airport personnel.
FlightAware is seeking a jury trial and has not publicly disclosed the amount of damages being sought.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
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