[Lawsuit dropped] FlightAware sues Kalshi over flight cancellation data

[cryptoaddictchie]

If theres a warning already from thr FlightAware and the other party didnt listen at all then they have all means to sue them. Im just thinking if why Kalshi isnt listening and ignoring the matter. Its like they are aware of this might happened and possibly thinking they could get away with it or they weighing the money from "potential losses from Sued case" versus the profits from users who bet on their platform with the subject flight bets.

[lombok]

They just won't stop until there's a ruling preventing them from using companies' data for profit; prediction markets can be exploited, and Kalshi and other similar prediction markets should be policed or restricted to prevent exploitation of other companies' data. The company may be public, but it's open to insider manipulation.
 
They have a battery of lawyers; they should know better than to ignore initial warnings that what they are doing is wrong, instead of challenging them in court, thinking that they have lawyers who can defend their case.

Such financial forecasting services should be tightly monitored by the government. Daily trading is the last area where a world of relationships based on fairness and honesty can be destroyed by the illegal utilization of personal business information. Disobedience by simply putting up a formidable legal team to confront official warnings in the realm of law comes at a form of misplaced arrogance. Approving court ruling would be a boon to prevent the act of distorting business information.

One sided gain made using internal data is obviously unethical and detrimental to the proper stockholders. Institution ready to incur huge sums of money to protect an act of misconduct is only bringing the institution into disrepute. There must be stern legal boundaries in order to have fair market competition.

[Perfectbaby]

From the said information and how I understand it this whole process, it said to be warmed and they pay no heed it instead they went on. That isn’t the whole thing but they warned about their data so suing them is legal since they have been warned already, so I don’t think they could win this cases against FightAware.
What they are Only fighting on is benefits as they want to milk Kalshi.

[_act_]

They have a battery of lawyers; they should know better than to ignore initial warnings that what they are doing is wrong, instead of challenging them in court, thinking that they have lawyers who can defend their case.

Yes, Kalshi has lawyers that can defend them, but there are cases that lawyers will not be able to defend and win, and I think this is one of the cases. As Kalshi has lawyers, if the prediction market lost to FlightAware, it will not be the first time that they have lost a case and they will have to pay high amount of money.

[Franklyn-wood]

I also support this and they are right in doing so, anything they have to do in the name of their branch should be with their awareness, no one is giving them permission to do any form of data infringement upon their platform, is legal that they sue them, if the truly know that what they have done is not wrong, then they should make their appearance at the court and defend themselves on what they have to say.

This is a sincer level of moderation and fairness that doesn't leave any one untouched. Some feels like they are above discipline, so when they do wrong they use there influence to sweep it under carpet or even punish others for there own crimes because they don't want to face the law. If all sector will learn to treat everyone equal and respectful the world will be a better place and reduce crime rate and intimidation from the high and mighty to the poor, less privileged and wretched.

[Hispo]

This is the first time I have ever read about people betting actual money on flights being cancelled or not, it is quite weird... I would say it is even weirder than having people betting on the weather...

It seems Kalshi did not know Flightaware was actually going to take the case to the courts, so they continued to use their name and date in order for people to feel bets when fair and being taken care of by information available on a reputable third party service.

If there is a lesson to learn here, it is how we are never supposed to assume a company won't sue one, even after politely asking us to drop something which they don't like and associated with their brand...

[Agbamoni]

Prediction platforms certainly have the right to use any publicly available information. The fact that a flight was canceled is an objective fact. What kind of intellectual property protection are we talking about? This is simply ridiculous!

A partially correct statement.

Prediction markets and their traders have the right to use genuine public information after doing their own research, but they have to comply with the rules and laws surrounding that information.

An information is public doesnt mean it has no copyright law, privacy laws, contractual restrictions, or any other legal restrictions. Anyway, I'm not saying FlightAware is right to sue Kalshi. Im yet to understand what Kalshi did wrong from the announcement.

[danherbias07]

What the heck! Even the flights are being predicted now? Damn!

I am not a big fan of prediction markets, so I hope they lose this lawsuit. There are so many things that can be predicted now, so why use something that has some data in it? Of course, they will need data from a company that specializes in it, and if that company won't let them take it, they should look for something else.
They will probably lose in this one, and it's not something that they can get away from if proven that they really used their data for gambling purposes or whatever they are using it for.

[EluguHcman]

In my opinion, if Kalshi loses this lawsuit, it will set a very dangerous precedent. 🙋

Prediction platforms certainly have the right to use any publicly available information. The fact that a flight was canceled is an objective fact. What kind of intellectual property protection are we talking about? This is simply ridiculous!

FlightAware simply wants to profit from the new financial market through litigation. Kalshi is a centralized American company, making it easier to attack. Pulling off such a scheme with Polymarket is much more difficult. It has no single governing body.💁

I am learning recently or I should say that my attention is just recently drawn to ponder on how these prediction platforms actually picks public events and features it in their prediction market, so I can not argue whether the prediction market have to take legal order on public sectors or not before they could list certain events in their platform.

But from my laymans understanding in the case of the Kalshi as a regulating prediction market, for the fact they are operating under the U.S  CFTC, they should be liable to list any public events. I don't know why that of FlightAware have to sue the platform. Except there is a level of attention that the flight-tracking service is trying to hide.
Moreover cancellation of flights is a happening event so why is the so FlightAware kicking against it being appeared in the prediction market? Well I see the move to be a joke because it is surely going to die at a spot. Hopefully though.

[alegotardo]

What do you think about the lawsuit?

They are right to sue, first because real time flights data is a highly profitable commercial product, the companies pay to access this information through APIs, integrate systems and make other specific uses of it. So if Kalshi is using it to settle betting contracts without authorization, FlightAware already has enough reason to demand that the information be removed and to win this case in court.
But I think the worst of all is that FlightAware's reputation is also at risk, because if Kalshi is saing to people that markets data is "verified" by FlightAware, it gives the impression that there is a partnership, approval of they.... So if there is any problem with incorrect information, or a contract is settled based on a flight status that does not represent reality... FlightAware's reputation would also be affected.

Anyway, I think it is very strange for a company like Kalshi use information from another giant company like FlightAware, I think there is something that has not been fully explained here... but we will find out with time.

[GreatArkansas]

What do you think about the lawsuit?

They are right to sue, first because real time flights data is a highly profitable commercial product, the companies pay to access this information through APIs, integrate systems and make other specific uses of it. So if Kalshi is using it to settle betting contracts without authorization, FlightAware already has enough reason to demand that the information be removed and to win this case in court.
But I think the worst of all is that FlightAware's reputation is also at risk, because if Kalshi is saing to people that markets data is "verified" by FlightAware, it gives the impression that there is a partnership, approval of they.... So if there is any problem with incorrect information, or a contract is settled based on a flight status that does not represent reality... FlightAware's reputation would also be affected.

Anyway, I think it is very strange for a company like Kalshi use information from another giant company like FlightAware, I think there is something that has not been fully explained here... but we will find out with time.

For me, I'm with FlightAware here, as they have a fair point in suing because their own data and own name are their product; people are paying for it to access.
It can hurt FlightAware if something goes wrong, like using their name to make bets look official without any real deal.

[asriloni]

It seems also related to the Flightaware report that the trend of flight cancellations have increased a lot in US. Other than it i'm also reading the report says same thing is also happening in EU too. Maybe the same thing is also happening in EU?

So we're living in the strange time when anything can be cashed out use the prediction market. Honestly, prediction market is making our life becomes even worsen.

BTW, after this case gets so popular. Kalshi is no longer listing Flightaware in their market. The way they acted after so many eyes pay their attention to this case is proving everything about them.

This prediction market is way too creative. We obviously need the help from orange guy to stop this.  

[Bryan jessy]

The rate at which every event is bet on this day is alarming what was Kaishi thinking at first, that he can eat his cake and have it, no, the company did what they feel is the way to handle the matter since they warned him but he choose not to listen to them he actually thought that with the inside information he has gathered he might make a fortune, it's sad because since he is sued he is going to be spending money to settling the case, funny things do happen because why would a person who actually want peace be involving himself in things that will cost him so much to handle, even if making money was the target at least not this way it should be done properly in a different setting entirely not by betting on someone else's establishment, the company has ever right to sue him because he is guilty.

[Kelward]

At least they are not suing and requesting damages from Kalshi. What I see here is that they are trying to protect their own reputation because seeing their data being used on the Kalshi market will give the wrong impression that they are connected to Karshi or granting them access which airlines won't take that likely, customers will also fear for their own safety as long as the data which is being used by Karshi is sourced from FlightAware they have the right to ask them to stop using it especially for any activity they considered unjust.

I very much agree with you explanation that FlightAware, is trying to protect their imagine that they're not a part of kalshi prediction site or their affiliate because the prediction site is using their information and showing their name through their trade (bet) results on flight cancellations. Although I believe that if FlightAware is accessible to the public then nobody or company should be restricted to access their information, maybe they took exception in kalshi, because of the money that they are making off the information. I think that kalshi should be reasonable and try to come to an agreement with FlightAware to be using their flight cancellation information. FlightAware on their part can demand a disclaimer from kalshi to publish a FlightAware, disclaimer on their flight cancellation results.

[Outhue]

Only a crazy person will go against this, like how the hell did we really get here? Sooner we will start seeing bets on plane crash too because I don't just get it with these predictions platforms, they are doing way too much and it's becoming threat like, they are even been in armed and they still don't care ? What else will happen if not suing?

Prediction markets need to go if there isn't some rules and regulations forced on their heads, they will keep making money out of everything, including bad things happening in the world, if you want to know where the biggest manipulation lies in its with prediction platforms, no doubts, they are kings on this.

[sompitonov]

Only a crazy person will go against this, like how the hell did we really get here? Sooner we will start seeing bets on plane crash too because I don't just get it with these predictions platforms, they are doing way too much and it's becoming threat like, they are even been in armed and they still don't care ? What else will happen if not suing?

Prediction markets need to go if there isn't some rules and regulations forced on their heads, they will keep making money out of everything, including bad things happening in the world, if you want to know where the biggest manipulation lies in its with prediction platforms, no doubts, they are kings on this.

This demonstrates the power of money to influence everyday life, simply because someone decided to make money from it. Currently, these prediction markets are not very regulated, and much remains invisible. I'm sure there are many devised strategies that could make life worse for ordinary citizens who don't even know these markets exist. Regulators in many countries could legally ban bets that could theoretically impact the lives of others, including bets like this one on flight cancellations. And of course, we don't know much about what's hidden from our eyes, but perhaps it will come to light later, but I think this is only a small part of what's going on there.

[DrBeer]

These days, information is very often MONEY! If one company builds its business on generating and selling such information, another party may BUY that information but has no right to use it without legal authorization. In this case, information is a commodity for which one must pay. If you steal information, you have committed a crime. If that’s how things stand, then I support this move and hope FlightAware wins in court.

[Chibit01]

If there was any kind of infringement and Kalshi used data without the authorization of the company that provides it, they are more than entitled to sue them. I believe Kalshi could have tried to establish a partnership or made a formal request to use this data and avoided these problems, or accepted the company's refusal.

Even if Kalshi has contacted FlightAware, there is high chances they won't be allowed to use their data for such. According to what I read from the link posted by the op, it's clear that flightAware has a reputation they are trying to protect their data was never in the first place meant to be used in prediction market, beside this prediction market need to know boundaries on what they should make available for public betting and what they should not.

[cryptomaniac_xxx]

[..snip..]

What do you think about the lawsuit?

Good, if they said that they have warn Klashi about it and they didn't listen, then they have no other course of action but to sue to them. As Kalshi is using their data and that alone is a infringement and grounds for the company to seek restraining order for Kalshi.

I'm just thinking though that maybe this like a intellectual property case, maybe Kalshi will just re-words everything so that it won't fall on that category. But still, it's a good move by FlightAware so that they can set a precedent that Kalshi can't just do anything in their platform without any consequences specially with brand names as if they've given Kalshi the rights to used it.

[$crypto$]

This is the first time I have ever read about people betting actual money on flights being cancelled or not, it is quite weird... I would say it is even weirder than having people betting on the weather...

It seems Kalshi did not know Flightaware was actually going to take the case to the courts, so they continued to use their name and date in order for people to feel bets when fair and being taken care of by information available on a reputable third party service.

If there is a lesson to learn here, it is how we are never supposed to assume a company won't sue one, even after politely asking us to drop something which they don't like and associated with their brand...

It is strange that there are people betting on flight cancellations, but make no mistake maybe some bettors already have data so they are sure of the bets they choose.

Is it too rash for Kalshi to bring Flightaware for betting on her platform? Not all companies are happy with their brands in the prediction market for many people, especially regarding passenger safety issues and this flight is very sensitive.

Once again a platform as big as Kalshi will not lose, in the end it just ends without us seeing how it ends so Kalshi will remain operational.