FlightAware sues Kalshi over bets on flight cancellations
60-second summary
FlightAware is suing Kalshi, alleging the derivatives trading platform used FlightAware's data and trademark without permission to settle contracts on canceled flights. Kalshi reportedly relied on FlightAware's flight tracking information to facilitate bets on flight cancellations and delays.
The flight-tracking company alleges Kalshi used its data and trademark without permission to settle contracts on canceled flights.