Kalshi Accuses Netflix of Defamation Over Trailer for Prediction Markets Documentary
Netflix has been threatened with legal action by Kalshi, which accuses the streaming giant of defamation over a trailer for an upcoming documentary that...
Key points
- Netflix has been threatened with legal action by Kalshi, which accuses the streaming giant of defamation over a trailer for an upcoming documentary that showed traders making wagers in a state it’s not allowed to operate.
- In a cease-and-desist, Kalshi demanded Netflix to immediately take down the trailer for Instadocs: The Prediction Market Games and issue a public retraction.
- “These false statements jeopardize Kalshi’s legal standing in litigation that is highly material to Kalshi’s business,” stated the letter, which noted that the company is concerned that the trailer could expose it to court sanctions or other penalties.
- Kalshi pointed to several details that it says reveal the receipt shown in the trailer isn’t authentic.
What happened
Netflix has been threatened with legal action by Kalshi, which accuses the streaming giant of defamation over a trailer for an upcoming documentary that showed traders making wagers in a state it’s not allowed to operate. In a cease-and-desist, Kalshi demanded Netflix to immediately take down the trailer for Instadocs: The Prediction Market Games and issue a public retraction. “These false statements jeopardize Kalshi’s legal standing in litigation that is highly material to Kalshi’s business,” stated the letter, which noted that the company is concerned that the trailer could expose it to court sanctions or other penalties. Kalshi pointed to several details that it says reveal the receipt shown in the trailer isn’t authentic. Leading up to the legal threat, Kalshi alerted a Netflix employee responsible for editing the trailer about the alleged inaccuracies. Kalshi said the employee agreed the receipt would not appear in the finished documentary but refused to remove it from the trailer despite being warned that it could create legal complications in the Nevada litigation.