Spotify Removes 500K Artificial Plays After Uncovering Kalshi Betting Market Link

KALSHI-1.55%
According to Bloomberg, Spotify removed over 500,000 artificial plays from a song by Malcolm Todd on July 3, after discovering the play manipulation was linked to betting activity on the Kalshi prediction market. The market attracted $3 million in trading as participants wagered on which song would top U.S. Spotify streams for June. Kalshi had settled bets declaring Todd the winner based on the manipulated data before Spotify discovered the issue. Trader Caleb Davies, who reported the suspicious activity, lost $4,500 and criticized Kalshi's delayed response. Spotify requested both Kalshi and Polymarket remove their branding and clarify they have no partnership with the platform. Spotify stated it will not pay royalties for artificial plays.
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