Kalshi calls for Netflix take down trailer for ‘Prediction Games’ documentary

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. In the letter, Kalshi claimed the trailer is “defamatory” and incorporates “both fabricated documents and false and misleading statements.”

“Instadocs: The Prediction Games” is a documentary in regards to the rise of prediction markets. According to 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, nevertheless, focuses on a current get together in Las Vegas, the place males who’ve “made millions of dollars on prediction markets, probably eight figures, just over the course of the World Cup” have gathered to observe the World Cup closing. One of the company declares, “I like betting on Kalshi,” whereas one other exhibits off an obvious $5,000 guess on their cellphone.

However, Kalshi is presently banned from working in Nevada attributable to a court docket order. In its cease-and-desist letter, Kalshi mentioned the guess proven on the cellphone is definitely a screenshot of a guess made on May 16, 2025 — lengthy earlier than the ban. But the corporate argued that within the trailer, Netflix “misled its millions of customers into believing this individual was able to successfully trade sport event contracts in Nevada on July 19, 2026.”

In its letter, Kalshi additionally mentioned that it just lately spoke to a Netflix worker who “agreed not to feature the receipt in the documentary when it is released” on Sunday, July 26.

“However — despite Kalshi demonstrating to this employee that the claims in the video were demonstrably false — Netflix inexplicably refused to remove the receipt from the trailer currently circulating on the homepage of the Netflix app,” the corporate mentioned.

Netflix doesn’t dispute that the screenshot is of a guess from 2025, however a spokesperson told The Hollywood Reporter that not one of the documentary footage was fabricated.

“The footage was filmed at the Winible World Cup Watch Weekend in Las Vegas on July 17, 2026,” the spokesperson mentioned. “The featured trader with the trade on Spain showed us a screenshot of his bet, that was made in May 2025 prior to any Nevada court order. Any specific trades or bets referenced during that weekend are between the individual and the app in which they placed the trades.”