Kalshi Demands Netflix Pull Trailer Over Misleading Prediction Market Claims

Prediction‑market operator Kalshi sent Netflix a cease‑and‑desist letter on July 24, 2026, alleging that the trailer for the upcoming Instadocs documentary “The Prediction Games” contains defamatory and fabricated content. The trailer shows influencers at a Las Vegas mansion watching the 2026 FIFA World Cup final and displaying a screenshot of a $5,000 bet on Spain. Kalshi says the image falsely suggests the company was trading sports contracts in Nevada in July 2026, contrary to a court order that bars it from offering such bets in the state. The company points out that the screenshot is dated May 16, 2025, well before the injunction, and that the phone display includes the word “crop,” indicating a saved image rather than an active trade. A Netflix spokesperson confirmed the screenshot’s 2025 date but maintained that all footage is authentic. As of July 25, Netflix had not removed the trailer, and the documentary is slated to premiere on July 26 as part of Netflix’s fast‑turnaround “Instadoc” series. The dispute highlights ongoing regulatory scrutiny of prediction‑market platforms in the United States.