Kalshi Probes Trading Spike After Spotify Detects Song Chart Manipulation

Kalshi is looking into an incident in which streams of a song on Spotify may have been artificially boosted at the same time there was a jump in wagers on Kalshi’s prediction markets platform that the song would reach No. 1 on Spotify’s charts, the Financial Times reported Thursday (July 2). The song, which was released in 2024, saw a nearly 70% leap in U.S.