Spotify wipes 500K Malcolm Todd streams after suspicious betting
- Source
- Financial Times
- Time
- 12:03 AM
- Weight
- 94/100
Spotify has removed approximately 500,000 streams from a track by artist Malcolm Todd following reports of suspicious activity on the prediction market platform Kalshi. The streaming giant took action after noticing irregularities that coincided with significant wagers placed on the song's chart performance.
This incident highlights a growing concern regarding "stream-farming," where play counts are artificially inflated to influence financial outcomes on betting sites. The intersection of music metrics and prediction markets has created new incentives for streaming manipulation.