Spotify (NYSE:SPOT) reportedly deleted more than 500,000 fake streams of Malcolm Todd’s “Earrings” after the song shot to the top of the U.S. chart overnight. The suspected motive: a $3 million Kalshi market on June’s most-streamed song. Traders had reportedly priced Todd’s chances below 3% before the surge began, meaning a winning bet paid roughly 30 times its stake. There is no indication Todd or his label were involved. Why Fake Streams May Be A Federal Crime Ashley Ebersole, co-founder and c
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
513last 24h
2497last 7d
481● bullish (7d)
255● bearish (7d)
197publishers
Benzinga12d agoneutral
EXCLUSIVE: Spotify Deleted 500,000 Fake Malcolm Todd Streams. A Former SEC Lawyer Says the Bots May Have Committed a Federal Crime