Netflix has been threatened with authorized motion by Kalshi, which accuses the streaming large of defamation over a trailer for an upcoming documentary that confirmed merchants making wagers in a state it’s not allowed to function.
In a cease-and-desist, Kalshi demanded Netflix to instantly take down the trailer for Instadocs: The Prediction Market Video games and subject a public retraction. It mentioned that the video falsely means that customers traded sports activities occasions contracts on Kalshi in Nevada in violation of a court docket order.
Within the trailer, a quick scene exhibits a number of folks gathered at a home in Nevada discussing prediction markets through the 2026 FIFA World Cup. One participant holds up what seems to be a Kalshi transaction receipt and says, “I like betting on Kalshi” earlier than claiming he positioned a $5,000 wager on Spain to win the event.
The prediction market operator is at present barred from providing event-based contracts that will enable Nevada residents to position bets on sports activities beneath a court docket order issued as a part of ongoing litigation with state regulators. The letter argued that Netflix falsely portrays the corporate of violating the injunction by implying that the commerce within the trailer occurred in July 2026.
“These false statements jeopardize Kalshi’s authorized standing in litigation that’s extremely materials to Kalshi’s enterprise,” said the letter, which famous that the corporate is anxious that the trailer might expose it to court docket sanctions or different penalties.
Kalshi pointed to a number of particulars that it says reveal the receipt proven within the trailer isn’t genuine. Amongst them: The picture displayed on the cellphone is dated Could 16, 2025, greater than a yr earlier than the occasions depicted within the trailer occurred. It additionally famous that the cellphone display exhibits the phrase “crop,” indicating the person was viewing a saved picture relatively than interacting with the reside Kalshi utility.
Main as much as the authorized risk, Kalshi alerted a Netflix worker accountable for enhancing the trailer in regards to the alleged inaccuracies. In accordance with the letter, the worker acknowledged not realizing the receipt was dated from the earlier yr or that it gave the impression to be a cropped screenshot relatively than a reside transaction. Kalshi mentioned the worker agreed the receipt wouldn’t seem within the completed documentary however refused to take away it from the trailer regardless of being warned that it might create authorized issues within the Nevada litigation.
These issues rapidly materialized, with a CNN reporter subsequently contacting the corporate searching for clarification about the place and when the featured trades occurred, Kalshi mentioned. The corporate argued Netflix’s refusal to take away the trailer after studying of the alleged inaccuracies is proof of precise malice beneath defamation legislation.
In an announcement, Netflix mentioned not one of the footage within the documentary was fabricated. “The footage was filmed on the Winible World Cup Watch Weekend in Las Vegas on July 17, 2026,” a spokesperson added. “The featured dealer with the commerce on Spain confirmed us a screenshot of his wager, that was made in Could 2025 previous to any Nevada court docket order. Any particular trades or bets referenced throughout that weekend are between the person and the app through which they positioned the trades.”
