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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.
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