In the United States, Kalshi, a prediction market company, has taken legal action against Netflix by sending a cease-and-desist letter on July 24, 2026. The letter demands the removal of a trailer for the upcoming documentary titled 'Instadocs: The Prediction Games,' which focuses on the rise of prediction markets. Kalshi claims that the trailer is defamatory and contains fabricated documents and misleading statements. The documentary features interviews with Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, but Kalshi argues that the trailer misrepresents their operations, particularly in relation to a bet shown in the footage. The bet, which appears to be made in Nevada, is actually a screenshot from May 16, 2025, before Kalshi was banned from operating in the state due to a court order. Kalshi asserts that the trailer misleads viewers into believing that the individual in the footage was able to trade sports event contracts in Nevada on July 19, 2026, which is not true. Despite Kalshi's efforts to communicate with Netflix, including a conversation with a Netflix employee who agreed not to feature the receipt in the final documentary, the company has not removed the disputed content from the trailer. Netflix has responded by stating that the footage was filmed at a World Cup watch event in Las Vegas and that the screenshot of the bet was indeed from 2025, prior to the court order. They maintain that none of the documentary footage was fabricated and that any trades referenced are between the individual and the app used for trading. This situation highlights the ongoing tensions between content creators and companies involved in prediction markets, as well as the legal implications of how such markets are portrayed in media.
