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Crypto

FlightAware Abandons Lawsuit Against Kalshi Amid Regulatory Uncertainty

Guavy AI Editorial Team
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FlightAware, a flight tracking and data analytics company, has dropped its lawsuit against Kalshi, a decentralized derivatives exchange. The decision comes just one day after FlightAware filed the lawsuit.

The reason behind the sudden reversal is unclear, but it may be related to the rapidly changing regulatory landscape for crypto derivatives in the US. In recent weeks, there have been reports of increased scrutiny from regulators towards platforms offering crypto-based derivatives.

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