On July 27, 2026, a federal court in New York denied Kalshi’s emergency injunction bid against state officials, which aimed to block regulators from applying state gambling...
On July 26, 2026, Netflix presented its newest documentary covering prediction markets, called “Instadocs: The Prediction Games,” after which the streaming company received industry criticism from operators like Kalshi, claiming that the series contained fabricated and defamatory content.
According to Netflix, the documentary explores the rise of prediction markets and their influence on sectors such as sports, politics, law, entertainment, and public discourse. The series is positioned as an investigation into the predictions sector without directly speaking for or against it.
Netflix shared in a statement:
“As fortunes are made and lost, The Prediction Games probes if reality itself has become ripe for manipulation. The documentary examines the phenomenon, exploring how tens of millions of people are diving into these markets — placing bets on anything from the World Cup and Taylor Swift’s wedding to elections, weather, and armed conflict — with all sorts of consequences.”
Additionally, the documentary features interviews with industry representatives like CEO of Kalshi, Tarek Mansour; CEO of Polymarket, Shayne Coplan; and the head of the Commodity Futures Trading Commission, Michael Selig.
However, after the release of the trailer for the series, Kalshi sent Netflix a cease-and-desist order on July 24, 2026, urging the platform to take it down as it allegedly included false and misleading statements.
A Netflix spokesperson addressed the accusations:
“Netflix upholds the highest standards of journalistic integrity in its documentary programming. No footage in Instadocs: The Prediction Games was fabricated.”
The Prediction Games series holds a $300 billion valuation for Netflix, directed by Steve Yaccino, while Josh Tyrangiel serves as the executive producer.
