Another case of market manipulation has emerged, with over 500,000 fake play counts removed. Spotify has discovered that Malcolm Todd's song play manipulation is linked to Kalshi betting.

Odaily Planet Daily reports that music streaming platform Spotify has removed over 500,000 fake play counts from artist Malcolm Todd's song "Earrings." The song had previously been pushed to the top of the charts. Spotify's investigation found that the play count manipulation was linked to prediction market betting activities. Traders on the Kalshi platform wagered on which song would become the most-played song on Spotify in the US in June; this market had a trading volume of $3 million. Kalshi declared Todd the winner based on manipulated data and settled the bet before Spotify completed its investigation. After discovering the issue, Spotify requested that Kalshi and Polymarket remove their logos and clarify that they have no partnership. Kalshi stated that it is cooperating with the investigation, while Polymarket has not responded.