Updated
Updated · Mashable · Jul 3
Spotify Deletes 500,000 Streams From Malcolm Todd Hit as Prediction-Market Bots Knock It to No. 4
Updated
Updated · Mashable · Jul 3

Spotify Deletes 500,000 Streams From Malcolm Todd Hit as Prediction-Market Bots Knock It to No. 4

3 articles · Updated · Mashable · Jul 3

Summary

  • 500,000 streams were removed from Malcolm Todd’s “Earrings” after Spotify’s internal probe found artificial listening, pushing the song from No. 1 to fourth on its charts.
  • The spike drew scrutiny after “Earrings” jumped 70% within 24 hours, a surge tied to bettors trying to sway music-chart contracts on Polymarket and Kalshi.
  • Spotify said it does not pay royalties on manipulated streams and asked both prediction-market platforms to remove Spotify logos to avoid implying any partnership.
  • Todd is not believed to have been involved, while the episode highlights how fast-growing prediction markets are struggling with manipulation and insider-trading risks.

Insights

When bots can rig music charts for profit, are prediction markets the new frontier for digital crime?
With AI now creating thousands of songs daily, can platforms reliably separate human artists from sophisticated frauds?
As online data becomes a financial asset, how can we trust the authenticity of anything we see online?