Spotify has removed more than half a million streams of a song that shot to number one in its US chart after discovering that the surge in streaming coincided with a jump in suspicious wagers on prediction market Kalshi.
US streams of “Earrings”, an indie-pop track by singer-songwriter Malcolm Todd, rose almost 70 per cent between Sunday and Monday on Spotify. That propelled the song, first released in 2024, to number one on the platform’s daily US chart.
In the preceding week, traders on Kalshi had been pricing only around a 2.5 per cent probability that Todd would have a number-one song on Spotify USA before the end of June.
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