Top Kalshi Trader Exposes Spotify Chart Manipulation
Minneapolis-based IT worker Caleb Davies estimates he’s made $1.2 million across different prediction platforms. However, he’s become increasingly agitated about what he claims is an obvious, bot-fueled effort to manipulate Spotify-related markets.
Davies compiled and published evidence of suspected botting, where scammers purchase bots to juice streaming numbers. He argued that prediction market traders were botting the charts to influence the outcome of related events contracts.
Spotify confirmed that it investigated suspected manipulation incidents Davies flagged and found evidence of artificial streaming. The company adjusted its charts to account for the discrepancy, culling over 500,000 artificial streams.
Reaction from Prediction Market & Spotify
Kalshi spokesperson Elisabeth Diana tells WIRED they are actively investigating the matter and removed Spotify’s logo from their markets that relate to the company.
