Kalshi Demands Netflix Remove Trailer for 'Prediction Games' Documentary

Prediction market Kalshi has issued a cease-and-desist letter to Netflix, demanding the removal of the trailer for an upcoming documentary titled 'Instadocs: The Prediction Games.' Kalshi asserts that the trailer is defamatory, containing fabricated documents and misleading statements that falsely depict current trading activity in Nevada, a state where the company is currently banned from operating.

The documentary, part of Netflix's 'Instadoc' series, features interviews with the CEOs of both Polymarket and Kalshi. However, the trailer focuses on a gathering of individuals who have profited significantly from prediction markets, showing one guest expressing a preference for betting on Kalshi and displaying a screenshot of a bet.

Kalshi contends that the bet shown, made on May 16, 2025, predates the Nevada ban. They argue that Netflix misled viewers by implying this individual was actively trading on July 19, 2026, in Nevada. Kalshi also stated they had spoken with a Netflix employee who initially agreed not to feature the receipt in the final documentary, but the company proceeded to use it in the trailer.

A Netflix spokesperson acknowledged that the screenshot of the bet was indeed made prior to the Nevada court order. However, they maintained that none of the documentary's footage was fabricated and that the specific trades referenced are private matters between the individual trader and the platform used.