Spotify has taken action against Kalshi and Polymarket, requesting that they remove the company's logo from their services. This follows the revelation of 500,000 fake streams that were used to manipulate a music betting market.
The fraudulent streams were linked to a $3 million market, raising concerns about the integrity of music betting platforms. Spotify's branding was reportedly utilized in this manipulated environment.
This incident highlights ongoing issues within the intersection of music and betting, as the company seeks to distance itself from the implications of such fraudulent activities.