Contracts would use FlightAware data to resolve bets on airport cancel rates
Kalshi is planning to offer contracts that allow users to predict the percentages of flights canceled at an airport within a given timeframe, the prediction-markets platform disclosed in a Tuesday filing with the Commodity Futures Trading Commission, according to the Wall Street Journal.
The contracts would let users wager on travel outcomes — effectively allowing travelers to hedge against potential disruptions. Kalshi said it plans to use the flight-tracking platform FlightAware to resolve the contracts, with data from the U.S. Department of Transportation as a backup.
The move follows a turbulent several months for travelers, who had to contend with heavy winter storms early in the year, disruptions from the war in Iran, and the shutdown of Spirit Airlines in early May, the Journal reported.