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Spotify asks Kalshi and Polymarket to remove its logo after streaming dispute

Deals & M&A

Spotify asked Kalshi and Polymarket to remove its logo from their websites and clarify that it has no official partnership with or endorsement of either platform, according to reports. Spotify said it found and removed more than 500,000 artificial streams from Malcolm Todd’s “Earrings”; the song then fell from first to fourth on its US chart. Kalshi said it had opened an internal review, while Polymarket said it had not offered a market on the song’s top position.

The request challenges how prediction markets use Spotify branding and rely on external data to settle outcomes.

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Deals & M&A

Prediction-market platforms report election contract trading during US midterms

Prediction-market platforms were trading contracts on control of the US House and Senate during the 3 November midterm elections, according to the report. It cited Kalshi and Polymarket prices at 10:32 a.m. ET and said no results had been reported by then. The report also described third-quarter figures from Robinhood, including $173 million in event-contract revenue and 16.4 billion contracts traded.

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