Kalshi Accuses Netflix of Defamation Over Trailer for Prediction Markets Documentary

Kalshi has threatened Netflix with a defamation lawsuit following the release of a trailer for the documentary The Prediction Games. Through a cease-and-desist letter, Kalshi alleges that the footage is misleading and falsely suggests the company is violating a court order barring its operation in Nevada. The dispute centers on scenes showing traders celebrating earnings, which Kalshi claims misrepresent its compliance with legal requirements regarding sports-related prediction markets in the specified jurisdiction.