According to a Bloomberg report on July 3rd, BlockBeats reports that Spotify has requested prediction market platforms Kalshi and Polymarket to remove its logo and explicitly state that there is no partnership between the two companies. This comes after Spotify discovered that some individuals were manipulating song charts through inflated metrics, and these chart results had been used to settle prediction market contracts.
Spotify identified and removed over 500,000 suspicious plays that had propelled Malcolm Todd's "Earrings" to the top of the Spotify US charts. This data was subsequently used to settle a Kalshi prediction market for "the most streamed song on Spotify in the US in June," which generated approximately $3 million in transactions.