FlightAware, a company that specializes in flight data, has withdrawn its lawsuit against Kalshi, the prediction market platform, just one day after filing the case. In the now-dropped suit, FlightAware had accused Kalshi of using its flight data and trademarks without authorization to support betting markets tied to flight cancellations. The withdrawal does not prevent FlightAware from refiling the case in the future. The case unfolded while Kalshi's aviation-related contracts were drawing criticism on social media, with some users raising concerns that the markets could create incentives for malicious interference with flights. At the same time, retail participation in those contracts has been relatively low. Neither company has offered a public comment about the lawsuit. The case had raised a broader question about whether prediction markets can use third-party data and trademarks without a commercial agreement. In addition, Kalshi is facing other regulatory and legal challenges in several states. CoinDesk reported the case.
FlightAware, a flight data company, has withdrawn its lawsuit against Kalshi, the prediction market platform, just one day after the case was filed. The suit had accused Kalshi of using FlightAware's flight data and trademarks without permission to support betting on flight cancellations.
The withdrawal does not affect FlightAware's ability to bring the case again later. The legal action came as Kalshi's aviation-related contracts faced scrutiny on social media, where some users raised concerns that the markets could incentivize malicious interference with flights. Retail participation in these contracts has been relatively low.
Neither company has publicly commented on the case. The lawsuit had raised the question of whether prediction markets can use third-party data and trademarks without a commercial agreement. Kalshi also continues to face other regulatory and legal challenges in multiple states.
CoinDesk reported the case.
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