Kalshi is trying to turn flight cancellations into trades
The prediction market platform Kalshi is attempting to launch trading contracts based on flight cancellation rates at US airports. However, the plan faces significant legal hurdles as data provider FlightAware has explicitly prohibited the use of its data for betting purposes.
Why it matters
This highlights the growing trend of 'gamifying' real-world inconveniences and the legal complexities surrounding data ownership in the age of prediction markets.
Kalshi, led by CEO Tarek Mansour, is betting on a new prediction market — flight cancellations. Bloomberg/Getty Images Kalshi wants you to earn a quick buck from your next canceled flight. The prediction market is launching a new category of bets tied to flight cancellations at US airports. Flight tracking service FlightAware said it will not authorize the use of its data for betting purposes. Getting stuck at the airport after a canceled flight could become a little less painful — if you can profit from it. Kalshi is looking to open up a new prediction market that could turn airport departure boards into a fresh trading arena. According to a Tuesday filing with the Commodity Futures Trading Commission (CFTC), the company has filed to offer contracts tied to flight cancellations.
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