Event Contract Trading Signals Uncertainty in Apple Monopoly Case During WWDC
The probability of courts ruling Apple a monopoly fluctuated during WWDC, hitting 65% mid-morning before dropping back to 61% by noon, according to Kalshi.
Apple is facing a proposed class-action lawsuit since March 1, claiming it monopolizes digital storage for its customers. The lawsuit alleges Apple imposes restrictions that prevent effective use of any service except iCloud for storing application data and device settings, tying devices and iCloud together unlawfully.
The suit argues that Apple's practices distort competition, favoring iCloud and hindering potential rivals from offering comprehensive cloud storage solutions to Apple users.
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