00:00It's Benzinga bringing Wall Street to Main Street
00:02FlightAware sued prediction market operator Calci, alleging the company used its flight
00:06data and branding without permission for wagers tied to airline disruptions. According to a
00:11Reuters report, FlightAware said Calci identified its data as the main source for settling flight
00:16cancellation contracts, which could mislead users into believing the companies are connected.
00:20Calci did not immediately respond to Benzinga's request for comment. The aviation data provider
00:24is seeking unspecified damages and court orders blocking Calci from using its data and trademarks.
00:30Calci launched the flight cancellation markets in July, drawing criticism over concerns the
00:34products could incentivize interference with air travel. The lawsuit comes as Calci reportedly
00:39explores a potential IPO and faces scrutiny over potential insider trading and market
00:43manipulation on prediction markets. For all things money, visit Benzinga.com.
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