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Spotify Challenges Prediction Markets After Song Chart Rigging

Spotify Challenges Prediction Markets After Song Chart Rigging
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Spotify Challenges Prediction Markets After Song Chart Rigging Spotify has asked Kalshi and Polymarket to remove its logo and clarify that neither company has a partnership with the streaming service after it identified users manipulating rankings that are tied to prediction market bets. Spotify spotted and removed over 500,000 artificial streams that had unexpectedly turned Malcolm Todd’s song “Earrings” into one of the most popular songs on its charts, according to a person familiar with...

Spotify Challenges Prediction Markets After Song Chart Rigging Spotify has asked Kalshi and Polymarket to remove its logo and clarify that neither company has a partnership with the streaming service after it identified users manipulating rankings that are tied to prediction market bets. Spotify spotted and removed over 500,000 artificial streams that had unexpectedly turned Malcolm Todd’s song “Earrings” into one of the most popular songs on its charts, according to a person familiar with the matter. The artificial numbers had already been used to settle a Kalshi market tied to the most frequently streamed Spotify song in the US in June, which had attracted $3 million in trading. [Image text:] 11:17 Search Spotify-Music and Podcasts Discover the latest songs OPEN G 25M RATINGS 4.8 ***** AGE 12+ Years Old CHART #1 Music DEVELOPER Spotify What's New Version History Version 8.8.4 Shago We're always making changes and improvements to Spotify. To make sure you don't miss a thing.just keep your Updates turned ont Preview
Kalshi (PERSON) Polymarket (PERSON) Spotify (ORG) Malcolm Todd’s (PERSON) US (LOCATION)
Originally published by Bloomberg Markets Read original →