FlightAware says that Kalshi used its name and data to offer bets on flight cancellations without the flight tracker’s permission.
Kalshi claims the trailer is “defamatory” and contains “both fabricated documents and false and misleading statements.”
Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.
The Commodity Futures Trading Commission announced Friday that it has won a temporary restraining order preventing Arizona from pursuing its criminal case against Kalshi.
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.
Since FanDuel and DraftKings are subject to state-by-state gambling laws, rather than federal law, they would not be impacted by the bill.
It’s the latest escalation in a regulatory battle over the future of prediction markets.
It’s the latest salvo in an escalating battle between state regulators and an industry that claims it’s not beholden to them.