Prediction market operator Kalshi resolves trademark lawsuit with FlightAware amid broader regulatory scrutiny over event contracts.
Kalshi has withdrawn its lawsuit against FlightAware, filed over alleged trademark infringement and unfair competition related to event contracts. The dispute centered on the use of FlightAware’s data in Kalshi’s prediction markets, which the company had claimed harmed its reputation and violated agreements.
The legal action follows a series of regulatory challenges for Kalshi, including lawsuits from state gaming authorities and a recent CFTC intervention. The CFTC invoked emergency authority to block New York’s attempt to halt Kalshi’s event contracts nationwide, echoing a similar move in Michigan. State regulators argue Kalshi operates an unlicensed gambling platform.
Kalshi continues to expand its offerings, recently launching sports and crypto perpetuals data feeds on its DoubleZero platform. The resolution of the FlightAware dispute removes one legal hurdle as the company navigates broader regulatory pressures.