Prediction market operator Kalshi sent a cease-and-desist letter to Netflix on July 24, accusing the streaming company of defamation over the trailer for its new documentary, "Instadocs: The Prediction Games." Kalshi asked Netflix to take down the trailer and issue a public correction before the film’s July 26 premiere.
At the center of the dispute is an on-screen trading slip that Kalshi says was fabricated. The company argues that the image suggests Kalshi allowed sports betting in Nevada and violated a state court order. Kalshi said the receipt shown in the trailer carries a May 16, 2025 date and that the phone interface displays the word "crop," which it says does not match the design of its platform.
Netflix rejected the allegation that the footage was fabricated. According to Netflix, the trade took place in May 2025 before Nevada’s restrictions came into effect, and the scene was filmed at a private event in Las Vegas. Separately, Nevada regulators have required Kalshi to complete geofencing deployment by Aug. 12 or face fines of $120,000 per day.
Prediction market operator Kalshi sent a cease-and-desist letter to Netflix on July 24, accusing the company of defamation over the trailer for its new documentary, "Instadocs: The Prediction Games." Kalshi said Netflix should remove the trailer and issue a public correction before the film’s July 26 premiere.
The dispute centers on a trading slip shown in the trailer
Kalshi said the trailer includes a fabricated trading slip that suggests the platform allowed sports betting in Nevada and violated a state court order. The company said the receipt in the footage is dated May 16, 2025, and that the phone interface shows the word "crop," which it said does not match the style of its platform.
Netflix denies fabricating the footage
Netflix denied that the scene was fabricated. The company said the trade took place in May 2025, before Nevada’s restrictions took effect. It also said the scene was filmed at a private event in Las Vegas.
Nevada regulators set an Aug. 12 deadline
Nevada regulators have required Kalshi to complete geofencing deployment by Aug. 12. If it does not, the company would face fines of $120,000 per day.
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