FlightAware has dropped its lawsuit against Kalshi one day after filing the legal action. FlightAware, which is the world's largest flight-tracking platform, voluntarily dismissed its legal action in U.S. District Court on Aug. 11.
FlightAware had sued Kalshi on Aug. 10, alleging that the prediction market improperly used its data and trademark to "run gambling markets on flight cancellations." Bernstein Sees 100% Upside In TeraWulf Stock After Earnings Bitcoin ETFs Attract $754 Million Of Capital MEXC Upgrades RealStocks With Three New Features to Enhance U.S. Stock Trading Experience Grayscale Drops Plans For Cardano, Polkadot and Hedera ETFs MEXC Report: 74.2% of Traditional Finance Users Have Shifted Their Trading Activity to Crypto Exchanges It had also sought a temporary restraining order to bar Kalshi from activities involving the FlightAware platform. Kalshi denied the accusations and claimed "fair use" of FlightAware data.
Analysts said the quick dismissal of the lawsuit likely indicates that the parties worked out a deal privately, possibly involving some form of payment for use of FlightAware's logo and data by Kalshi. Kalshi has also revised its website to include a link to FlightAware's website. Both FlightAware and Kalshi are privately held companies and their stocks do not trade on public exchanges.
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