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Aug 11, 2026

FlightAware withdraws lawsuit against Kalshi one day after filing

Flight tracking company FlightAware dismissed its lawsuit against prediction market Kalshi just one day after filing, having sought a restraining order over alleged unauthorized use of flight data for cancellation betting markets.

Aug 11, 2026·5 sources

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Top claims

▪Kalshi's flight-cancellation contracts open until August 14, 2026, recorded only 31,412 total contracts traded, representing $1,842.48 in aggregate dollar volume and 1,120 contracts in open interest.
▪New York filed a lawsuit against Kalshi seeking at least $36 billion, alleging that the prediction market platform operates an unlicensed, illegal gambling business.
▪Kalshi and Polymarket collectively controlled over 90% of prediction market volume, generating more than $90 billion in second-quarter 2026 notional volume, according to a report by Predicted.

Subtopics

Prediction markets Crypto regulation

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