Spotify requests removal of its logo from two prediction market sites

Spotify asked Kalshi and Polymarket to remove its logo from their sites after users allegedly manipulated streaming data to cash out on prediction market wagers. The company deleted 500,000 streams from Malcolm Todd’s song Earrings after determining that the increase in listens aligned with suspicious wagers on Kalshi that the track would reach number one on Spotify.

Background on the incident The episode adds to existing concerns that prediction market platforms may enable manipulation through tactics such as engineering outcomes that are the subject of bets. French authorities previously investigated whether someone altered a weather device at Paris’ airport to win a Polymarket wager on temperature readings.