Spotify has removed more than 500,000 registered streams from Malcolm Todd‘s Earrings, after the song’s rise to No. 1 on the platform’s daily US chart was tied to bets placed on the prediction market Kalshi. Kalshi is a US prediction market, regulated by the Commodity Futures Trading Commission, on which users stake real money on future events – including which song will be the most-streamed on Spotify in the US in a given month.
Source: Spotify slashes streams of hit song after suspicious activity on prediction market Kalshi