Prediction market Kalshi despatched Netflix a cease-and-desist letter on Friday demanding that the streaming service take down the trailer for an upcoming documentary. Within the letter, Kalshi claimed the trailer is “defamatory” and incorporates “each fabricated paperwork and false and deceptive statements.”
“Instadocs: The Prediction Video games” is a documentary concerning the rise of prediction markets. In accordance with Netflix, the movie — a part of the streamer’s “Instadoc” sequence of fast-turnaround documentaries — options interviews with each Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour.
The trailer, nonetheless, focuses on a latest get together in Las Vegas, the place males who’ve “made tens of millions of {dollars} on prediction markets, in all probability eight figures, simply over the course of the World Cup” have gathered to look at the World Cup last. One of many friends declares, “I like betting on Kalshi,” whereas one other reveals off an obvious $5,000 wager on their cellphone.
Nevertheless, Kalshi is at present banned from operating in Nevada resulting from a courtroom order. In its cease-and-desist letter, Kalshi mentioned the wager proven on the cellphone is definitely a screenshot of a wager made on Could 16, 2025 — lengthy earlier than the ban. However the firm argued that within the trailer, Netflix “misled its tens of millions of consumers into believing this particular person was capable of efficiently commerce sport occasion contracts in Nevada on July 19, 2026.”
In its letter, Kalshi additionally mentioned that it lately spoke to a Netflix worker who “agreed to not characteristic the receipt within the documentary when it’s launched” on Sunday, July 26.
“Nevertheless — regardless of Kalshi demonstrating to this worker that the claims within the video had been demonstrably false — Netflix inexplicably refused to take away the receipt from the trailer at present circulating on the homepage of the Netflix app,” the corporate mentioned.
Netflix doesn’t dispute that the screenshot is of a wager from 2025, however a spokesperson told The Hollywood Reporter that not one of the documentary footage was fabricated.
“The footage was filmed on the Winible World Cup Watch Weekend in Las Vegas on July 17, 2026,” the spokesperson mentioned. “The featured dealer with the commerce on Spain confirmed us a screenshot of his wager, that was made in Could 2025 previous to any Nevada courtroom order. Any particular trades or bets referenced throughout that weekend are between the person and the app by which they positioned the trades.”
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