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Kalshi vs Netflix Trailer
Kalshi threatened legal action against Netflix on Friday, demanding the streaming service take down a trailer for its upcoming documentary about prediction markets, “The Prediction Games.”
“The prediction market Kalshi threatened legal action against Netflix on Friday, claiming a trailer for its upcoming documentary about the industry contains defamatory and “fabricated” content, according to a letter obtained by CNN”
CNN reported that Kalshi said the trailer contains defamatory and “fabricated” content, and that Kalshi’s lawyers wrote in a cease-and-desist letter that the trailer included “misleading statements portraying trades being made on Kalshi in violation of a court order.”
The dispute centers on footage showing traders at a Las Vegas mansion during the World Cup final, including a $5,000 bet on Spain to win the tournament, with CNN noting it was unclear where and when the trades were placed.
Front Office Sports said critics seized on a phone screen shown roughly 29 seconds into the trailer, where a person’s voice says they bet $5,000 on Spain to win the World Cup, even though Kalshi is barred from offering sports-event contracts in Nevada under a court order.
Timeline Dispute and Quotes
Kalshi and Netflix both said the image critics focused on was placed in 2025, before the Nevada court ruling, even as the trailer indicates clips from July 19, 2026, according to The Hill.
In response to Kalshi’s demand, Netflix told CNN it was complying with the judge’s orders and said the most prominent trade shown in the trailer was placed in 2025, long before any court orders restricting Kalshi, while also stating, “No footage in Instadocs: The Prediction Games was fabricated.”
Kalshi’s head of marketing Brandon Beckhardt said in a statement shared with The Hill that the preview “features a Kalshi trade slip that’s completely fabricated,” adding that it appears to be “either photoshopped or AI-generated.”
Front Office Sports reported that Kalshi told CNN reporter Marshall Cohen it wants Netflix to take down the trailer because it’s “misleading,” and that Cohen later posted on social media that Kalshi issued a cease-and-desist letter.
What’s at Stake Next
Kalshi’s cease-and-desist letter warned that the trailer’s claims could jeopardize its legal standing in litigation, with CNN reporting that Kalshi said the trailer contained “misleading statements portraying trades being made on Kalshi in violation of a court order.”
“Kalshi threatened Netflix with a defamation suit over a recent trailer for the upcoming documentary The Prediction Games, premiering Sunday on the streamer”
TechCrunch said Kalshi also claimed it spoke to a Netflix employee who “agreed not to feature the receipt in the documentary when it is released,” but that Netflix refused to remove the receipt from the trailer circulating on the Netflix app homepage.
Netflix, for its part, told The Hollywood Reporter that “Any specific trades or bets referenced during that weekend are between the individual and the app in which they placed the trades,” while also saying the footage was filmed at the Winible World Cup Watch Weekend in Las Vegas on July 17, 2026.
The dispute is unfolding against a broader regulatory backdrop, with CNN noting that judges in Nevada, Michigan and Washington state have blocked at least some Kalshi activity in their states, and with Front Office Sports adding that the Nevada gaming regulator asked a judge last month to hold Kalshi in contempt over claims people could still bet on markets that were supposed to be blocked.
