Kalshi challenges Netflix trailer over alleged fabricated trade receipt
Netflix’s documentary Instadocs: The Prediction Games was promoted with a trailer that included a screenshot of a $5,000 bet slip for a Spain trade on the prediction‑market platform Kalshi. Kalshi sent a cease‑and‑desist letter to Netflix on July 24, asserting that the receipt is fabricated: it shows a mismatched date (May 16 2025), an unexpected “Crop” label, and trading volume that would have been impossible under the platform’s limits. Kalshi also notes that its platform does not use the terms “Bet Slip,” “Bet ID,” or “wager” shown in the clip. The company is barred from offering sports contracts in Nevada following a court order issued in May, making the depicted trade appear illegal. Netflix has rejected Kalshi’s claims, stating the footage was recorded in 2025 before the Nevada restriction and that the documentary adheres to journalistic standards. The film, released on a Sunday, offers a broad overview of prediction markets, citing the history of such markets and the rise of platforms like Kalshi and Polymarket.
Entities: Brandon Beckhardt · Kalshi Inc. · Lindsey Faivus · Netflix Inc. · Nevada
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The documentary covers the history of prediction markets and features platforms Kalshi and Polymarket. (Netflix)
- [● 2 SOURCES] The trailer shows a $5,000 bet slip for a Spain trade that Kalshi says is fabricated. (Kalshi)
- [○ 1 SOURCE] Kalshi has been barred from offering sports contracts in Nevada since May 2025. (Kalshi)
- [○ 1 SOURCE] The documentary Instadocs: The Prediction Games premiered on a Sunday. (Netflix)
- [● 2 SOURCES] Kalshi sent a cease-and-desist letter to Netflix on July 24 regarding the documentary trailer. (Kalshi)
- [○ 1 SOURCE] The receipt in the trailer is dated May 16 2025, before a Nevada court order barring Kalshi from sports contracts. (Kalshi)
- [○ 1 SOURCE] The receipt includes the word “Crop” and uses terms “Bet Slip,” “Bet ID,” and “wager,” which Kalshi says are not part of its app. (Kalshi)
- [○ 1 SOURCE] Netflix denies the allegations and says the trailer footage was recorded in 2025 before the Nevada restriction. (Netflix)