FlightAware drops Kalshi lawsuit one day after filing

Summary

FlightAware filed suit against Kalshi over use of its name and data in flight-cancellation prediction markets, then voluntarily dismissed the case the next day in federal court in New York. The quick reversal could indicate a private settlement, but neither company commented. Before the dismissal, at least one Kalshi contract had been updated to replace “FlightAware” with “Primary Source Agency” and to disclaim any affiliation or endorsement, while still linking to FlightAware’s site. The original complaint alleged trademark infringement, breach of contract, reputational harm, and unfair competition. The dispute comes amid wider pressure on prediction market platforms, including state-level actions against Kalshi, Polymarket, and others over alleged unlicensed sports betting. The CFTC also moved to block New York officials from pursuing a restraining order against Kalshi, citing its own emergency authority and its view that it has exclusive jurisdiction over prediction markets.