- Kalshi disclosed plans in a Tuesday filing with the Commodity Futures Trading Commission to offer contracts allowing users to predict the percentage of flights canceled at an airport within a given timeframe.
- The platform said it would use the flight-tracking service FlightAware to resolve the contracts, with U.S. Department of Transportation data as a backup.
- The filing follows a period of widespread travel disruption that included heavy winter storms, disruptions from the war in Iran, and the shutdown of Spirit Airlines in early May.
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.