Kalshi Accuses Netflix of Defamation Over Trailer for Prediction Markets Documentary Kalshi, a prediction market operator embroiled in an ongoing dispute with Nevada regulators, has sent a cease and desist letter to Netflix over a trailer for an upcoming documentary.
The streaming giant is accused of defamation for implying that Kalshi users traded sports contracts in Nevada despite a court order prohibiting such activity.
The letter makes it clear that this isn't just about pride or reputation – it's about the very future of the company.