Kalshi Calls for Netflix to Remove "Misleading" Doc Trailer

WHO:

Deadline - Kalshi, a prediction market app, threatened Netflix with a defamation suit.

CNN - Kalshi's lawyers sent a cease-and-desist letter to Netflix.

CNN - Tarek Mansour is the CEO of Kalshi.

CNN - Polymarket is Kalshi's biggest rival.

CNN - Brandon Beckhardt is the head of marketing at Kalshi.

WHAT:

Deadline - Kalshi claimed that a trailer for Netflix's upcoming documentary "The Prediction Games" contains misleading content.

CNN - The trailer shows traders celebrating their winnings on prediction sites, including Kalshi.

CNN - Kalshi stated that the trailer contains “misleading statements portraying trades being made on Kalshi in violation of a court order.”

CNN - The trailer features a trader showing a $5,000 bet for Spain to win the World Cup.

CNN - The World Cup final was won by Spain, defeating Argentina 1-0.

WHERE:

Deadline - The trailer features footage from a party at a mansion in Las Vegas.

CNN - The footage was filmed at a Winible event in Las Vegas.

WHEN:

Deadline - The documentary "The Prediction Games" is set to premiere on Sunday.

CNN - The most prominent trade shown in the trailer was placed in 2025.

CNN - The trade for Spain was made in May 2025.

WHY:

CNN - Kalshi is complying with a court order requiring it to block sports-related markets in Nevada due to a lawsuit from the Nevada Gaming Commission.

CNN - Kalshi claims the trailer is sensationalized and built on fiction.

HOW:

CNN - Kalshi's lawyers sent a cease-and-desist letter to Netflix regarding the trailer.

CNN - Kalshi insists its products are not gambling but rather trading of derivative swaps.

(UPDATED July 25, 2026 01:28 UTC)

Kalshi, a prediction market app led by CEO Tarek Mansour, has threatened Netflix with a defamation lawsuit over a trailer for the upcoming documentary "The Prediction Games," claiming it contains misleading content about their platform. The trailer, which features a party in Las Vegas and shows a trader celebrating a $5,000 bet on Spain winning the World Cup, allegedly portrays trades on Kalshi that violate a court order, as the company is currently required to block sports-related markets in Nevada. Kalshi's lawyers have sent a cease-and-desist letter to Netflix, insisting that their products are not gambling but rather the trading of derivative swaps.