Spotify asks Kalshi, Polymarket to remove branding after manipulated streams used to settle music bets: Bloomberg
The Block·
60-second summary
Spotify is requesting Kalshi and Polymarket to remove its branding after 500,000 manipulated streams were used to settle a $3 million music betting market. The incident highlights the potential for exploitation of streaming data and raises concerns about the integrity of music charts. This could impact Spotify's ability to maintain accurate metrics and influence the music industry.
Spotify asked Kalshi and Polymarket to drop its logo after 500,000 fake streams rigged a $3M music market, Bloomberg reported.