FlightAware withdraws Kalshi lawsuit after flight market dispute

FlightAware has voluntarily dismissed its lawsuit against prediction market operator Kalshi just one day after accusing the company of improperly using its flight data and trademark for cancellation contracts. Summary FlightAware voluntarily dismissed its lawsuit against Kalshi just one day after filing the case. The lawsuit accused Kalshi of improperly using FlightAware data and trademarks for flight cancellation markets. Kalshi changed its market language from “verified from FlightAware” to “verified from Primary Source Agency.” Corporate lawyer Ariel Givner said the rapid dismissal could mean the parties reached a private agreement. According to a Tuesday filing with the U.S. District Court for the Southern District, FlightAware voluntarily withdrew the legal action that it had brought against Kalshi on Monday, ending the case shortly after seeking emergency court intervention. The flight-tracking company had also requested a temporary restraining order that would have barred Kalshi from activities involving FlightAware while the dispute was being considered. The request did not proceed after the company dismissed the case. FlightAware did not provide a public explanation in the...