After suspicious Kalshi bets, Spotify removes streams of No. 1 song
Corroborated by 4 sources from 4 publishers
TL;DR
Spotify deletes streams of chart-topping song after suspicious Kalshi bets Top Kalshi trader Caleb Davies usually speaks to the press about how prediction markets help him rake in money. The Minneapolis-based IT worker estimates he’s made $1.2 million overall across different prediction platforms, with $414,000 in winnings from Kalshi’s culture markets alone. He especially enjoys wagering on music charts, because he carefully analyzes Spotify data to pick winners.
Sources
1
Financial Times
https://www.ft.com/content/2e10851c-9f47-410d-b46e-2a617118b05a
2
Wired
https://www.wired.com/story/spotify-streaming-manipulation-prediction-markets-polymarket-kalshi
3
CBS News MoneyWatch
https://www.cbsnews.com/news/spotify-earrings-malcolm-todd-kalshi-investigation
4
Bloomberg Technology
https://www.bloomberg.com/news/articles/2026-07-02/spotify-challenges-prediction-markets-after-song-chart-rigging