Spotify asks Kalshi and Polymarket to remove their logos after song charts manipulation affects prediction market settlement

BlockBeats News, July 3rd, according to Bloomberg, Spotify has requested the prediction market platforms Kalshi and Polymarket to remove its Logo and explicitly state that there is no partnership between the two parties. Previously, Spotify discovered that someone was manipulating the song charts through fake plays, and the results of these charts were used for prediction market contract settlements.

Spotify identified and removed over 500,000 abnormal plays, which had artificially boosted Malcolm Todd's song "Earrings" to the top of the Spotify US chart. The related data was then used to settle a Kalshi prediction market on the "June US Spotify Top Song," with a total trading volume of around $3 million.