Kalshi is suing Netflix over a documentary trailer, claiming it falsely portrays a Nevada transaction using a 2025 screenshot — a move they say misleads viewers and violates their platform’s integrity. Netflix counters that the footage is accurate, showing pre-Nevada-restriction activity, and denies fabricating any content. Kalshi also disputes terminology used in the screenshot, insisting their products are derivative swaps, not gambling — a key legal distinction. Despite the legal clash, the doc features Kalshi’s CEO and highlights their explosive growth — 3 million users and $12 billion traded during the 2026 World Cup — amid ongoing lawsuits over their gambling licensing status.

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