TLDR
- Kalshi sent Netflix a cease-and-desist letter over the trailer for Instadocs: The Prediction Games.
- The company says a scene showing a $5,000 bet slip is fake and misleading.
- Kalshi points to a mismatched date, a “Crop” label, and low trading volume as proof.
- Netflix denies using fabricated footage and stands behind the documentary.
- Kalshi says it warned a Netflix editor before the trailer came out.
Kalshi has asked Netflix to remove the trailer for its upcoming documentary, Instadocs: The Prediction Games. The prediction market company says the clip includes a fake trading receipt.
The letter was sent on July 24. It was addressed to Netflix’s Director & Senior Counsel for Intellectual Property, Lindsey Faivus.
Kalshi says the trailer uses “fabricated documents and false and misleading statements.” It asked Netflix to take the clip down and issue a public correction within an hour.
The trailer shows a World Cup watch party in Las Vegas. One attendee says he likes betting on Kalshi and shows what looks like a $5,000 receipt for a bet on Spain.
Another person in the scene claims that people in the house have made millions of dollars trading on prediction markets. Kalshi says this framing is misleading.
Kalshi Points to Mismatched Details
Kalshi has been barred from offering sports contracts in Nevada since May. The company says the trailer makes it look like the trade happened there on July 19, 2026, after that order was in place.
Kalshi broke down the receipt shown in the video. It says the image is dated May 16, 2025, more than a year before the date the documentary suggests.
The image also shows the word “Crop” on the phone screen. Kalshi says this shows the person was holding up a saved photo, not the live app.
The company also says the Spain market had about $580 in total trading volume during May 2025. It says a $5,000 trade would not have been possible.
Kalshi added that its platform has never used words like “Bet Slip,” “Bet ID,” or “wager.” All three terms appear in the trailer.
Kalshi’s chief of staff, Brandon Beckhardt, posted on X that the trade slip in the trailer looks nothing like the real app. He said it appears to be photoshopped or AI-generated.
Netflix Stands by the Documentary
Netflix has rejected Kalshi’s claims. A spokesperson told CNN that the trade shown in the clip happened in 2025, before any court order was issued.
The spokesperson said Netflix holds its documentary programming to high journalistic standards. They said no footage in the film was fabricated.
Kalshi says it raised its concerns with a Netflix editor before the trailer was released. The company says the editor admitted they had not noticed the receipt’s date or the “Crop” label.
According to Kalshi, the editor agreed the receipt would not appear in the final documentary. But the editor allegedly refused to remove it from the trailer.
Beckhardt said on X that Netflix told Kalshi it would pull the trailer, but has not done so.
Kalshi also flagged where the scene was filmed. The gathering took place at a casino-owned property during a party hosted by Winible, a platform tied to the sports betting creator economy.
Kalshi says this detail matters because Winible has ties to sportsbooks and casinos. Kalshi is currently in separate legal disputes with casino operators over prediction markets.
As of now, the trailer remains posted and Netflix has not issued a correction.
