[Kalshi Settles $3.32 Million Spotify Prediction Market Following Fraudulent Streaming Alert] Odaily Planet Daily News – Kalshi trader Caleb Davies stated that he had requested Kalshi to delay the settlement of a Spotify prediction market to allow the enforcement team to review suspected artificially inflated streaming data. The market revolved around predicting which artist would top Spotify's U.S. daily chart, with a trading volume of $3.32 million. Davies claimed that Malcolm Todd's song 'Earrings' surged approximately 70% in one day and reached the number one spot on Spotify's U.S. chart on June 29. Kalshi's Head of Enforcement and Legal, Robert DeNault, responded that only Spotify could verify whether the data originated from genuine listens or manipulation. Kalshi completed the settlement just minutes after this response was issued. Davies noted that the open interest related to the 'Earrings' result rose from $2,000 to over $70,000 in the days leading up to the disputed streaming data. The following day, Spotify removed 523,000 streams from 'Earrings' cumulative data. Based on the adjusted data, the song would have ranked fourth instead of first on June 29. Subsequently, Spotify requested Kalshi and Polymarket to remove its branding and clarified that neither platform had established a partnership with the streaming service. Kalshi has since removed the branding and revised its wording. Spokesperson Elisabeth Diana stated that the company is in contact with Spotify and conducting an investigation. Kalshi has yet to announce the results of the investigation, revoke the settlement, or declare any compensation.