Netflix Faces Legal Notice From Kalshi Over Documentary Trailer
Kalshi has sent Netflix a cease-and-desist letter over a trailer for its prediction market documentary, alleging it misrepresents activity on its platform.
SociapaHQ
Prediction market platform Kalshi issued a cease-and-desist letter to streaming giant Netflix over a scene in a trailer for the company’s upcoming documentary, Instadocs: The Prediction Games. The letter claims the promotional video falsely suggests that a sports-related trade was placed on its platform in Nevada when such trades were illegal in the state.
The documentary dives into the quickly growing predictions market industry and features executives from Kalshi, Polymarket and other firms. The controversy stems from a trailer sequence of a World Cup final watch party in Las Vegas, in which a participant apparently sports a $5,000 Kalshi trade based on the outcome of the 2026 FIFA World Cup.
Kalshi contends the footage is misleading because viewers would believe the trade took place in Nevada in July 2026, when the company was prohibited from offering sports-event contracts in the state. “The trade slip shown in the trailer is actually from May 2025, before restrictions in Nevada took effect, the company said.
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Legal Dispute:
In its cease-and-desist notice, Kalshi accused Netflix of using “fabricated documents” and making false representations that could suggest the company had violated a court order. The company also said it had previously notified Netflix of the issue and had been led to believe that the receipt in question would not be used in the final promotional materials.
Netflix has refused to take the receipt out of the trailer despite Kalshi’s demonstration that the claims in the video were demonstrably false', the company said in its letter.
Netflix has denied the claims, saying the footage is real and really shows what happened.
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The scene was shot at a World Cup viewing party in Las Vegas on July 17, 2026, and the person shown willingly provided producers with a screenshot of a trade made in May 2025, before Nevada’s restrictions went into effect, the streaming platform said in a statement.
The company also denied claims that any material in the documentary had been altered or fabricated, stating that its documentary team adhered to established journalistic standards throughout the production.
