FlightAware sues Kalshi over flight cancellation data use
FlightAware has filed a lawsuit against Kalshi, citing trademark infringement and breach of contract.
The lawsuit highlights the potential for manipulation in prediction market contracts, particularly when participants have prior knowledge of events.
Kalshi allowed event contracts on flight cancellations, posing threats to passenger safety, according to the lawsuit.
The lawsuit also mentions instances of individuals making significant bets on Kalshi, including a US President Donald Trump’s teleprompter operator making $100,000 in bets tied to words in his speeches.