Kalshi tiptoes back into canceled flight markets with new JFK airport wager, bets don’t apply to specific flights

In mid-July, Kalshi received approval from regulators to list a new type of event contract that would let anyone wager on flight cancellations. The plan, however, was promptly blasted by social media users who warned that troublemakers could seek to force an airport shutdown in order to make their bet pay off. In response, Kalshi said it was putting the controversial airport contracts on ice. But on Tuesday, the company said it is now going forward—sort of.

According to Kalshi, it is listing a contract that lets users wager on whether more than 50% of flights into New York’s John F. Kennedy airport will be cancelled on October 22 and 23. As is the case with all prediction market contracts, the odds will shift over time based on betting patterns, and will pay out on a simple Yes/No basis.

A Kalshi spokesperson said the contract will only be available to the company’s 1000 or........

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