Kalshi Trader Accuses Spotify of Streaming Fraud, Halts Music Chart Bets
By
Kate Knibbs
Summary
A prominent Kalshi trader, Caleb Davies, who has made over $1 million on prediction markets by analyzing Spotify data, is accusing Spotify of widespread streaming fraud. Davies claims bot activity is artificially inflating streaming numbers, undermining his data-driven betting strategy on music chart markets. He has decided to stop trading Spotify-related markets until the issue is resolved, raising concerns about the integrity of Spotify's streaming data.
Source
bskyKalshi Trader Accuses Spotify of Streaming Fraud, Halts Music Chart Betswired.comKey quotes
· 2 pulledEvery single morning, I'm going in, downloading the data, and updating my projections.
One of Kalshi's most prominent traders tells WIRED he's swearing off Spotify-related markets until the issue is resolved.
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