● Covered by 1 source · 1 reportLow impact1 negative
Kalshi sends Netflix cease-and-desist over 'Prediction Games' documentary trailer
Key points
- Kalshi sent Netflix a cease-and-desist for its documentary trailer.
- Kalshi alleges the trailer is defamatory and contains false information.
- The dispute centers on a bet shown in the trailer from Nevada.
- Netflix states the footage is not fabricated, but the bet was from 2025.
Cease-and-Desist Issued
Prediction market company Kalshi has sent a cease-and-desist letter to Netflix, requesting the removal of the trailer for the documentary "Instadocs: The Prediction Games." Kalshi asserts that the trailer is defamatory and includes fabricated documents and misleading statements.
Documentary Focus
The documentary, part of Netflix’s "Instadoc" series, explores the rise of prediction markets and features interviews with CEOs from Polymarket and Kalshi. The trailer highlights a Las Vegas party where individuals discuss their earnings from prediction markets, with one person showing an alleged $5,000 bet on their phone and stating, "I like betting on Kalshi."
Dispute Over Nevada Operations
Kalshi is currently prohibited from operating in Nevada due to a court order. The company claims the bet displayed in the trailer is a screenshot from May 16, 2025, predating the ban. Kalshi argues that Netflix misled viewers into believing the individual was trading sports event contracts in Nevada on July 19, 2026, when the footage was filmed.
Netflix's Response
Netflix acknowledges that the screenshot is from 2025 but denies fabricating any footage. A Netflix spokesperson stated that the footage was filmed in Las Vegas on July 17, 2026, and the featured trader showed a screenshot of a bet made in May 2025, prior to any Nevada court order. Netflix maintains that specific trades referenced are between the individual and the app used.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Prediction market platform Kalshi issued a cease-and-desist letter to Netflix, demanding the removal of the trailer for its upcoming documentary, "Instadocs: The Prediction Games." Kalshi claims the trailer contains fabricated documents and misleading statements regarding its operations in Nevada, where it is currently banned.