Spotify Confirms Streaming Fraud After Kalshi Trader Cries Foul

One of Kalshi's most prominent traders tells WIRED he's swearing off Spotify-related markets until the issue is resolved. Top Kalshi trader Caleb Davies usually speaks to the press about how prediction markets help him rake in money. The Minneapolis-based IT worker estimates he's made $1.2 million overall across different prediction platforms, with $414,000 in winnings from Kalshi's culture markets alone. He especially enjoys wagering on music charts, because he carefully analyzes Spotify data to pick winners. "Every single morning, I'm going in, downloading the data, and updating my projections," he tells WIRED.