FlightAware has sued prediction platform Kalshi in the Southern District of New York, alleging breach of contract, trademark infringement, and unfair competition over flight cancellation betting markets that referenced FlightAware’s data and name. The complaint says Kalshi told traders results would be verified using FlightAware, creating the impression of a partnership without disclosure or consent. FlightAware argues its data feed was used to settle wagers and promote these markets. FlightAware seeks a temporary restraining order plus preliminary and permanent injunctions blocking any Kalshi market tied to its service, while regulators and New York’s separate illegal gambling lawsuit intensify scrutiny of event-based betting products.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.