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</style></head><body class="a" style="margin:0px auto;padding:0px;word-wrap:normal;word-spacing:normal;background-color:#FFFFFF;"><div role="article" aria-roledescription="email" aria-label="email_name" lang="en" style="font-size:1rem"><div style="display:none;max-height:0px;overflow:hidden;"> Here's your Garbage Intelligence for June 2026  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ </div><table role="none" width="100%" border="0" cellspacing="0" align="center" cellpadding="0" class="gg"><tr><td align="center" valign="top"><table role="none" width="670" border="0" cellspacing="0" cellpadding="0" class="aa" style="width:670px;table-layout:fixed;"><tr><td class="bodyWrapper" align="center" valign="top" style="padding:10px 5px 10px 5px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="top" style="border-width:0px 0px 0px 0px;border-style: solid; border-color: #FFFFFF;border-radius:10px 10px 0px 0px;background-color:#FFFFFF;" class="c"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr id="header"><td style="padding:15px 15px 0px 15px;"><div style="padding-top:0px;padding-right:0px;padding-bottom:20px;padding-left:0px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td class="f" align="right" valign="top"><p> July 10, 2026 | <a data-read-online-tooltip="true" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpe1McpL1EdNErS546cDbqU3svX_M8CyqSRRm7R9X2km8ataSCtUEWHF7ssjOH24SBmJ0XnRDKXsuhcd83GiMS8cg2UkfXFuXwxT_OyRxhFZqzOs6mke6I-or47bJ_zjquixeiM-JMWthPNxkomaTtxtnndGZu1XZd0FTmfz9HL_SPJZYFfY8O6-sW_LDjBd61lUqPfgLCCl6AEZ302uX3RHiCkNskYkt3CMW_ytD5DE8bmsDwJk8XbTayluD6PPo-rzTBPiFZOdOmBbYZfZhCoCGFTI613YM1fdtYm2uGBX6LYR727Z-YdsthIGClqC6M9mOEfZu3nfLMhk2uCrFu9V3VWikr6pnmAM9anUpMPdoUXbjhXwJuohx0gq1pWkJ2SlbFuH61IS8P5ttRg8lABtIpMMRzkpcz7aMeWcezuI2OD-MqShhz1VGULLsxBxSjkh8OF5HLD1Wc9SJL_wAua_wBsjNxABZZ9Hzek2vQjJsXChW0Z0wClOHQvVsHrvWd5wezqdIAVcR3abpb_smf6beQD0mPrEk_zqzhzsscylYeKNXPS8MCJ1YmNpyQ4uLKsbiV-ob9ouorIK-wzrVpwN-Y7w9OmnB-K0wZEu_K5dPQyKdjqlDnV6RhtvhUmd37xXj5Tf22J2ZThmIGlMnHFphHRuhjP8rh-lNPIDYLCgaGEu00sg_p1EhTaSva09trMI6HZtw25gjJ8gt_agMvQTqoMZlGgZY_rpTHP0qE3MHNyCJKUTr-JTYHyXFUmHbZ2EQJhTU-nggJDoxcqMe7fk/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h0/h001.1-psAWHaZ6ZY-o-RTimJdHrJ9QsEVW96zDLEW3_7Uzk">Read online</a></p></td></tr><tr><td class="dd" align="center" valign="top" style="width:100%;text-align:center;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center" style="margin:16px auto 16px; padding: 0;"><tbody><tr><td style="width:630px;padding: 0px 0px 0px 0px;text-align:center;"><a href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpe1McpL1EdNErS546cDbqU3Bz1lwl2bFXWoXIMZtOyT_Tr_V4gZDMmk4bfHr3q38SVJfWgrPi-VKZXD1A_HXYZcXioAGP5YvC3BRr7hq2fyQXvLQXHJDLoEbx4LFQtmh9KM4vyh4suc0w9Mx6cQzyqIb2AHJdSqLIjLX9AKyAWFgj7_qJExGXjHgshmXC_XaCmfoic2sTenhlhEBoRId3DP1shh8VNRk7XmlQml8Cwu6KZ8zuVjpXNcvfR_n3jKCbVR4rbg2NmFLH7X3wT25tl3qIm-EfHOB-T7CUYvoa716oC_8wQZp7nDHoo4biOb0yVsWB1kgNbojn0YjaRJdLDWJZcdEMUVAz6fRDxIOmpXlxRbeoBr3JvDItaeHUfHlp9tks0naNqf8MinTKh2cJvFtGhtXiMixk1vn341rB2GtWuZfI7kXbLqJWGqdHvegwVZe1taDeziJyfLz3ypCqs6qLn-0FJM7-KioYstgTBRWj_4h5YQyLgHls6CsgYNl9BM3IP-Gq7WgLP4rbCKEjWlrhqacgTLHKkbnrMgom4zx0Vn3w6WA86pG1sZD9ELSJ2xqsDdnQA_ryL8Rm03AsK7avSpwPnJ4IpoFsn31uLK8rQ30RF-g6-TAt3ZOT9BUpkaNali5zTqZS_XCQI7Dz8p5WfcB4NPLREOAIH8wcPKmJFW2QOYEtXcU82c1f1xRla5aAwt6wQ1SXdjbXFneQcQ01-29513j-7igW5Ev7bS_AM20GNDqEDPF1X-W_IY45dpRbLqrM6D8uZNA9cWbr1yvycEJRp7KslmHqBd7oAdM/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h1/h001.a4J1NE5YwhurwNb091VQhe6Fc6hLs-0sDVosKqo9ihw"><img alt="" width="630" height="auto" border="0" style="width:100%;height:auto;border:0;display:block;outline:none;text-decoration:none;margin:0 auto;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d49319be-952a-4f29-b334-884641ab2416/unnamed.jpg?t=1705939867"/></a></td></tr></tbody></table></td></tr><tr><td class="dd" align="center" valign="top" style="padding:15px 0;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="top"><h1 style="text-align:left;font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif;font-weight:Bold;font-size:32px;color:#2A2A2A;padding:2px 0;line-height:38px;"> Inside Spotify and Kalshi's messy breakup </h1><p style="text-align:left;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:20px;color:#3E3E3E;padding:5px 0;line-height:24px;"> Here's your Garbage Intelligence for June 2026 </p></td></tr></table></td></tr><tr><td align="center" valign="top" class="dd"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td aling="center" valign="middle" class="mob-stack"><table role="none" border="0" cellspacing="0" cellpadding="0" align="left" class="mob-stack" style="width:100%;"><tr><td align="left" valign="middle" style="padding: 5px 0px 5px 0px;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="left"><tr><td align="center" valign="middle"><img src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/be1ed480-eefa-4e3a-b625-3179dbb1f07e/thumb_IMG_0037.jpg" width="40" alt="" style="display:block;max-width:40px;border-radius:50%;position:relative;border:4px solid rgba(0,0,0,0) !important;left:-4px;box-sizing:content-box;z-index:10;" border="0"/></td><td width="5" style="width:5px;"> </td><td align="left" valign="middle" class="g" style="position:relative;left:8px;width:100%;"><p style="padding:0px;color:#2D2D2D;"><a href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpe1McpL1EdNErS546cDbqU1t9AGvEV-FlpnfCGPiBybueSstchR94kX2YW-I1sgRBm8zg2xPuDcwJB-Bpw5rWBV-LGZl2YwofYKkQry8dkX8ntcefQ0xetMmq07jouu4iRDu2yHXWzPMTUKrIOH15tNO6053YGQ7vBxWLnqQ_o6gWRgeTf5OdZwJanH6_0kVggHHhiGrzuHqKILFQiOl6SW6F94D_eU3-SdTCg80ST89WXee-6DAasZV9qWKSaGpoweYFZXz-vXf0ZVCMTFWjCmGPgqOrukpMkNaxiDy9pyJUL7ZepsGqPLET-RRM39FgPj7Og3o7sQb84XZI5Vn7PsOP43GNF6-p0V938EKHtE34N-0489WiXxMsB5NlvyIQRHCGvw5tpMdS65agsvxK0BFis3VA9OfvRdH22hFeHqMbHj_il3E5fwuFxi6DOunzkvBj1U3USBBnbYGzRdE5pz0lUb4u3bKS9CbJNetVs3GSB_aGgDJMBOLu1Pj6cXpY02WOUit_NT3RjSa2YhMcqLf7visRpABfkxcy7cYW6Mc-XVHMFRajpV8Avr3G3c8PpiQe-mUVzpmGFJ409zR_r4VwqGeY_wVRn8aiT5IBW0p2OOZ2udgeh0Zt66bhW_ngS5T9KxeLeTovLvZRVUfC1hCwu5M4QMUScihe0YdJ0FhJwThxbMJM3y5vBVnesLjIbkQUOpoOFPApaGdwAuTbsaL55vD40UoLfVqDKHwGdFeeajo9QUW8csZlMBnRmOsdQK6am2s1mkIjN6_XL2rimnX-AtM-0kzyXbdcJjfTeJKSljhLvSLeq6LVSB7VETtEQ/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h2/h001.EEykTkCXhXKTGMXehapsX1fXN33I-VUWfQi8MquXcpo" target="_blank" style="color:#2D2D2D !important;text-decoration:underline !important;font-style: normal !important;">Adam Bumas</a></p></td></tr></table></td></tr></table></td></tr></table></td></tr><tr><td style="line-height:0;"><div data-open-tracking="true"> <img src="https://elink835.www.garbageday.email/ss/o/u001.Wjmgl1pn0khzpYTO2sYlew/4s7/FEMoFKEPTkqRMf_XAxRTDQ/ho.gif" alt="" width="1" height="1" border="0" style="height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;"/> </div></td></tr></table></div></td></tr><tr id="content-blocks"><td class="email-card-body" align="center" valign="top" style="padding-bottom:15px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td id="spotify-and-kalshi-are-fighting-ove" class="dd" align="left" valign="top" style="color:#2A2A2A;font-weight:Bold;padding:0px 15px;text-align:left;"><h2 style="color:#2A2A2A;font-weight:Bold;mso-line-height-alt:150.0%;">Spotify And Kalshi Are Fighting Over Whether Malcolm Todd Has Fans</h2></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> You’ve probably heard quite a few stories about people making bets on prediction markets, then making sure the event happens the way they’ve predicted. You can’t make bets on every number we track for these monthly Garbage Intelligence reports, but you can bet on Spotify streams. For the first time, we have some evidence that these numbers have been manipulated to make money from Kalshi, and Spotify is taking it seriously, so we should too. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> Let’s start with the data. On June 29, Malcolm Todd’s song “Earrings” got an <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.NMB18wTvet0Rxnv_cCX8dvCfvrYIQg9wv6aKUpsPd-OUs68wsKW286RsFF0x-UB6oJ8R-QrxED0_8_MVawoT8rEIqkdpCJPf4Wkg7n9qBtdVrjq3-NOUbMhDJ7YDFZj1qmKCIVQ1z5eq0eyBubeI8o6ZaBi-X7ZMQdfUONHPBoH1WYy0SjfSrGiu6Zp1Gg0ze8wNc5-_4Ayxw20cdYGSoJ6K-BnZCMznje9QmbbZxughiXEXXnMusa6loqmp6qIL18eZ0cW6_pxUIiDsgDdwds8q7HKpIaxvW8mecneoAQ4/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h3/h001.v6fUo2RStiQ1eKXt88a9Kt2mz1_FSTEyNvXWZkAfHEU" target="_blank" rel="noopener noreferrer nofollow"><span>enormous bump</span></a> in streaming numbers, beating its previous highest day by more than half a million streams. Within a few days, Spotify determined that all of these streams were fake and <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpfBPxEq9gh8r1IYgjAmjWcid9AHu888YtjwN60cMQo_51JzQeeSWeclDCc0i5DPGp-_WgzADHojfk581XOTGXlqYbrpWKQN8OggqXKSxbTu1WwBgZdptj10jNpAD0NWdd1pLRc7ElR6BKSS45omhDlS_urjZMRz2xu5VtYzPNBvC3Av7hqtOlIShpXVXZqN8j-g855sovYjDKtc_QBLHazzXluy5nx9Fes8cQ7mbi7bS_rKyhAPwQ3k4nI1F0slRbZRSfi14xEf6IKti6FsanMIOjaJ9aCOF78BBlYyh_ri0mstfH4GGJtTUVqSjyB3qM6WL5CD5FcbGGwnOvfTrdDs/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h4/h001.xCOH90LWV2xTLQLAlScye9zrCsJ76gZG7YB9TPde5zg" target="_blank" rel="noopener noreferrer nofollow"><span>removed them</span></a> from their records. But we track Spotify data with Kworb, which doesn’t make these adjustments retroactively, so we can see that the streams did jump by around half a million, which were almost all from the US: </p></td></tr><tr><td align="center" valign="top" style="padding-bottom:20px;padding-left:15px;padding-right:15px;padding-top:20px; " class="dd"><table role="none" border="0" cellspacing="0" cellpadding="0" style="margin:0 auto 0 auto;"><tr><td align="center" valign="top" style="width:630px;"><img src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80,width=1920,height=3840/uploads/asset/file/669fda9a-c739-4c79-93f5-a8c149a76e10/GLOBAL_STREAMS.png?t=1783698320" alt="" height="auto" width="630" style="display:block;width:100%;" border="0"/></td></tr><tr><td align="center" valign="top" class="t" style="width:630px; padding: 4px 0px 4px 0px;"><p>Source: <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.NMB18wTvet0Rxnv_cCX8dvCfvrYIQg9wv6aKUpsPd-OUs68wsKW286RsFF0x-UB6oJ8R-QrxED0_8_MVawoT8rEIqkdpCJPf4Wkg7n9qBtdVrjq3-NOUbMhDJ7YDFZj1qmKCIVQ1z5eq0eyBubeI8o6ZaBi-X7ZMQdfUONHPBoH1WYy0SjfSrGiu6Zp1Gg0ze8wNc5-_4Ayxw20cdYGSoJ6K-BnZCMznje9QmbbZxuhXN9t1L4VXnwGaW6o-k_a8OHcpHXiFTPhd_qegOuspNWRJ3A3S8gyrZt5ONE8op-c/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h5/h001.DT1XNJUfDzpGhRKM4zSGxvp0Ytt0q0teOPFyPGA1PFg" target="_blank" rel="noopener noreferrer nofollow"><span>Kworb</span></a></p></td></tr></table></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> A huge red flag for this flood of streams is that Malcolm Todd doesn’t have this kind of fandom. Sure, he’s popular <i>(Ed. note from Ryan — he sounds like Kidz Bop Tame Impala)</i>, but nothing about his online presence or promotional cycle would explain such an enormous leap in daily listeners. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> So what <i>would</i> explain it? Well, the first person who noticed the leap was Gaeten Dugas, a self-proclaimed “top 100 Kalshi trader” who’s officially <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Ykc61-p1cxguuHQfoezo2fQQrISTjsaOPP6a9fqVrsPdReh6s5Td4uEX8cIqp_bFkih07ggWUlAvpe9KKHCM94RxjjClcqGY3Kb-BuhfOeKntsgnMW3FIVKOladBQNH734jAuP70bNQE7MUOFq4nhKGa8puvz-UpkmZUZiCuFXDXeoOe7MPlZE0YeFNP8Yc-qGW07gmLK1ob1rrhPaEeybKkOF2H8cPKwFDZ1kK-ta3XSM0ESOGPnoOg6kb6k3fiKKMY7U4zNhzDwjz80s0DbE7aP0PLbmKax3-ebcRbVf4/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h6/h001.dOlMy39PAOXjwtp3ffPkQczf_t8ulip4wtSH6ykF7Gk" target="_blank" rel="noopener noreferrer nofollow"><span>promoted</span></a> the prediction market for years. He <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001._-qCIiYyp6dD21H99lwa0qPVnn2CwbLAYp__ITjtVB2HhxdKE2LhYZKR4l6P67TU9NdjMalNS849fkqn0YmNzbiaHe3_9-mzf1l74CUomWP-dAjmP4qPjLec2zS2MPEUV426WAKCcVzKiugTFB4ukF21M_EcvCyCIfKv4ouLlpEOgvar0rGOB5FwwrLtcIHQXQUl4--ZnHs-KK98_79mbhig5y7vxh_KHc5bazYehutwXMb5Y6ZIPrtUr1ix2NQemYXrKQ1ZRv9sIM3fvt1oS-FHpMWzqb0LrKgIVBt2MN0/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h7/h001.uNU2eAwDD853gLQ-7WsPaXNkfOvk72T39ztF_35dDtI" target="_blank" rel="noopener noreferrer nofollow"><span>posted on X</span></a> about Todd’s surge as part of a larger accounting of Spotify data that suspiciously overlapped with bets on the Kalshi contract “<a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.NMB18wTvet0Rxnv_cCX8do7adqr7QOSWMYS2xk0n3raw5zJCNHx1XtFERwUqQXF4mgMtehlpCejcGfHAAmwrlCT8GMXnjwozFHvUbuPbFqSEbLb5fhn4RNcE9oU-wu-tSOQO7I5l3OOH-8QVgvN86FBFDnns9O6L4pFC-64k8OJyotqbOukgMMUQ-On6MfLbLkh2nYTElszCqO1PGSa-k9Mw-rXMhvkXXtsKu-eh6hx7rck7NmL0d1JTQZcurvjNDutht8OTOexDy7ePfGvNS2lbz5kY7jemoQEGxYFCtNvx_GBl-5gHZnvJawVY0G7ngkVIg1Gk3X-WpFTiu-ZMA03Qwvv0gIqW4YUdYj1RTVjdmD2WxMMMQeaIhMBnM4hd/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h8/h001.apB-VdSmzm-NB-fSFk08hVVo7jJeOXe1p6pQncNXxmc" target="_blank" rel="noopener noreferrer nofollow"><span>Who will have a #1 song on Spotify USA in June?</span></a>” Kalshi would end up paying out bets on Todd, but both they and Spotify told <i><a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpfBPxEq9gh8r1IYgjAmjWcid9AHu888YtjwN60cMQo_51JzQeeSWeclDCc0i5DPGp-_WgzADHojfk581XOTGXlqYbrpWKQN8OggqXKSxbTu1WwBgZdptj10jNpAD0NWdd1pLRc7ElR6BKSS45omhDlS_urjZMRz2xu5VtYzPNBvC3Av7hqtOlIShpXVXZqN8j-g855sovYjDKtc_QBLHazzXluy5nx9Fes8cQ7mbi7bS_rKyhAPwQ3k4nI1F0slRbXKsQdIAlASbn_H_mCOrgHu20Z9l2gBijKIKCxb4U58OZKnvPAynu_chDFzENAmZQ4O4kyM-PVMTubWu-JLoWzI/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h9/h001.ZcS0Cv96qhD0NmIf3tlPQ7mZJd1aW6b5gAWgip0RN88" target="_blank" rel="noopener noreferrer nofollow"><span>WIRED</span></a></i><i> </i>that they were investigating the matter further and putting checks in place to prevent this kind of manipulation in the future. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> Which is surprising to hear from Spotify, considering how much they’ve done already to prevent it. Artificially inflating Spotify streams is a crime, and one that’s been regularly punished. This past March, a man who used a <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpfBPxEq9gh8r1IYgjAmjWchGIb768LNrjmw3uXw35kI_cP7FRevXmoeK7HK0BA7ZVdR2mRDAT78deD8581p98FZqRF7k3TJR25IhnIaE7zEP63_o0zlI2IY_6JWLVz_ZzOxh1GqPkMB_3-Qyf8dqdR1aJgx-hG3TpsBUYrkEwmYU8AHfKHTULlKd-4_5UbrcLse33I-CcB3iSxm-pxqXYriNFv2JQQ5qCWV4t0QHlX7Dg5K50KlQzszUaE7trajkAINEr2icIGgooGfSUguQkJ8/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h10/h001.eOk8ZVvYbvuhjAs9xG1uRP52hqlMIe_maLV9SF4XOLs" target="_blank" rel="noopener noreferrer nofollow"><span>bot farm</span></a> to stream his AI-generated songs billions of times was found <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpZhUEjjAGP6w0yLkXNrV219W24VjOp57zyXw6nexFH-epSinjL7-H3-a-HuQ8Q3P1MuOQIazIPYgT5PkDX_Ut06TiApuL55A_O5OVBHvkUn15IQn61gTOZ5QRWVqgqQ3Hl4NYJN2KReeRBxKaW3rZ51pfD3xLkg2JGp_G9PQcuY1HrfqZBDBcZG0NQQaDH-JlTgHigN-yehl2S8udGFubTsJigm3SnLA3bLjDD48jSol1eVqZpv9GnkUBzgApp-e4Nfuymmzd6GzPn3fO92PZ8DCOQz7jDziX8DbONkVHkvPqTHQ5WUaS5gtDwjuIPAe88cJBuP5g81jethfXpUPHn5kRstI9lnwn_uDunp_1Ph4/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h11/h001.JECkoZXCWZ56TLxI9sU4bS0dHn7uQ90MOrHS_n4gCzg" target="_blank" rel="noopener noreferrer nofollow"><span>guilty of fraud</span></a>. A <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpfBPxEq9gh8r1IYgjAmjWchdvgpOhbdCVwqrxttJlhMxgMmmfOj49X-21uIM6B3siifxHd4aiKfQzoXOqXq-X_kKFy6HNxnQvXX4WE_M7bezzgSvH8hW_uu1QFbCC1ig8PFaYyceKHPMubhyiDcvdyvov7anYusvy66M9Sdc0nwz76Sv7zFyg_f6CJkcPGAbcGXINqLxQ5Ol_IjP3oKOTg731p6cX8sg3vPFohvOBy29W28SJH_zCTPt2jRnGLyFGepAU18cbvlJ0dX5dewbwMU/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h12/h001.qQ5d0dmYSfyPIiZ8uEusCfLH1HaVyYPWVxx5pCC8ihw" target="_blank" rel="noopener noreferrer nofollow"><span>similar case</span></a>, decided in Denmark in 2024, resulted in prison time and millions in fines for the perpetrator. And that’s pretty unusual. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> Since we started tracking social media engagement, we’ve seen signs of manipulation basically everywhere. Instagram just did its biggest <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpQwYXWgEfAe1xjFW1qW-I_OC_CqpRFwi0kmA04cIv_oHCrTBJ8O4womp-az9vaerrGNLBmGo37x16IIAtupq7SjvP19wyvsL-ZeZXekbSPAO7dC1Ht7JLNYdkJwgS9FR1CVqrJZPu9xjCd-V_HNWrmELoonjaB9ADD7gSPnHNMr-q_3bBSMo2qTkFWD2Hf_bPZeveIMRe80C_d8hWeC-j5r7wALZ1FmadS5SJHI8on2EtH6rzYnA4ZEANJPwtiEjBFzFMz9-GUzuRXOkhl2NF1ohsiklfxmyDBZs0Fi1ssb1QtRji0lZBANhqbqfVegr1Qk9yYaRkpjB_KSIoqoyjGHQcV0IO0IBgi4QMO4TA5hTyT9M21NImis3pxCmppuE0mhBKqGZnjiMciVJuSs94oE/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h13/h001.sDsFoqAyVX-rAMC1HuXsrG-vXjXUWe6i5Y0ZV2_ACDU" target="_blank" rel="noopener noreferrer nofollow"><span>bot purge</span></a> ever in May, we’re still seeing viewbotting on Twitch every month, and X would feel like a ghost town without undisclosed <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpe1McpL1EdNErS546cDbqU2fv3hRpK1NIBMn0amtQzq5Nho2fqkWv9O4X2gKnIE20kJxhBjALFvB7ixsMQ1uXOpMCbYNqzUZ6gKDxmXPaCkKc0Qr4h9XFRGu-cqqtlHexxFvBBykur5CDIVMAoeVTr-rmsCjrUGfzz1jaGCALiJ8LD-nsXF6gqlWoVtNMw6pGVGuk3OmmR3lBGNnVNNKbOwpOOkqxZs_rNunklmqlO6cqwVh2s0n2nfN4E29RA8e0dFL_Bi-8y46EeH_EuCLtvmNcBx44UP5n2LWVdTUmsyQPrXnWx2seDJfciZRsoXsYw98HkYjUpyJKH3YjEGvew1cSSU7EL7XSil30lw7IvAlRHfygXIJ4Sc4uOgXsMF7N9cDi8tJeNOaM2mWbsfn-PMI9Enev0N3H1ay0RscMHJCtBmdS3sbTAo7zHcJ0FghtDQQ5bYfeClXzASyiQCKxdHAmks5c5GxjKSmJyOtvguvzFTEZXcLgQgvZMBn58c0ktYaq6iUV2Jm22DNeIHV-B2P_Qf0ED4lle6iysYSuTakYbkXCZk5wPjkfjy1efHHPJnqvXB9hQDyhYvy7eSyFEJYu7MKuZ-20tV2Cq5FFngH2jTEXDrzH9i7R6_Uw02LV75aaF7iwshJH9ZL9HKNHwbJ2kbCBf1u53b6ph4sfFuXZkTFp8lLnKaHi9WMOwljj2oukPiRweXsqEVX7dxXv4lNbj0e0CDC41bifCyley01RV4h4S395iKvydIQH9rgdg/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h14/h001.oCobnR1Xj4BSXEcRGFqXfyusV619xKeDma-FcISp3F4" target="_blank" rel="noopener noreferrer nofollow"><span>casino ads</span></a>. These practices are frequently against the terms of service for these apps, but they don’t carry much in the way of criminal consequences. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> It’s worth remembering why Spotify is a special case here. The service didn’t grow like a normal social app. It landed <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpb3lL3V0ME8v12C2sPsn0Wjem4mECHftyB57xNdj86SZXgZ6utO5UfiGuT0HLEBmNcnHEhRfCCC42DkwktZYDSnO-5TqFmsZGmIFE7CemoI0znYk1cmIqRrjhhEPJENlCT2B-64Z3taYjLq-HV55qpNYz8oTPi-Dd1c18yuHkLGChBLYYlXBi9PO1hId33m8a0DvTNHa0FSXLHERk7Jao3Dq8Cp7nN3yIIHFT8WK_hfhPDHqRYiJiqpIl7Ee_2IikqyY0QiEDaUj35NIWPj5c-ejvW3L14yyjcSO6MenHyPEck7o7jmeoZ2AN2JuI_zJpg/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h15/h001.mipITrVMXfFEhSIENYw-OZfKjjXX0FCFR606CGXRs8Q" target="_blank" rel="noopener noreferrer nofollow"><span>with a splash</span></a> as an above-board alternative to LimeWire and other illegal download sites, backed with the fearsome and fulsome legal force of the entire recording industry. Even if there isn’t much practical difference between Spotify and the other apps we track, faking a listen carries much steeper legal consequences than faking a like or a follow. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> Which only matters until you encounter a force more powerful than the law. Kalshi was still <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpeEWSXOr8CbC4UCpdZb10TXsSykYeSD8VYEHFXNE0srIOjtx-RXX2E9dEdmq_RI4tT4SfNvQs7G4iKSLkifE33teLR7_vmMiEzTWaRj4tnjMhxXiZ3OxAQqmdsC_XMuPwUyABVPpH6IEPAriCafNy5LWRAgy5O2DmTl4hAsB5C3HrznIliBaTuFHjsw2UFcLmNpMOJOLlJHbACUaWdkYNv2zMVnA5LvSAUuMv2uGXpFYie8RyJv4U2bednikd23uwbIhcwZTJjj3S-fcuNWk1ltPEcGGz0tPswhtLX2CmKkw-FRp1eKxDhDw8oVHIRP2kDDQInhQE_Uoy4QvxzXjgRGBJo1QOtKMF03wHDjBr1W1/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h16/h001.clBE8X4XWijhwL6llWDvu986rNVEitTElr5NU_uM1ag" target="_blank" rel="noopener noreferrer nofollow"><span>illegal in the US</span></a> less than two years ago, categorized as illegal gambling by Biden’s Commodities Futures Trading Commission. An appeals court <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpYA9cqGjssR-7mrW3J6h5p9m4JieP-mHaMAi4S8dw6qyIHUUoAS9_wJIqkcAdL6Qjsuwdf19WhTFORHssHnhfaOaykPRA8UQiwpBr75MlUVBgr2TjYu48OBymR_7iy_iiKCv_jSz5j683YjYLa9DmATe4FW0VLGzthVIBtI-Er-wpimz-KriiiN3FxwPpUc0_ZDajVUacPEL5LAjBCJlwJqfbJpxGYX4nc2ulQ2nOMJR6pkPPdUG_05l0ZFGxW25r9cYqk92a2ObQo_soZuSakgPHhTIHrq_I5uPO0a7CmeNA0eLIENR5k_pUZjgKQ95JA/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h17/h001.hLpnxNTkWmOymdw6f7Y1BueitVEkvCHAxzC-MNICT6U" target="_blank" rel="noopener noreferrer nofollow"><span>blocked the CFTC’s ruling</span></a> just before the 2024 election, which itself was the centerpiece of Kalshi’s first major <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpeV_phArHaMEcMDcuk_ICJB5vqJ1iTMJQyjsT7tlZ8WDs7uzXd4aCWNIa05tTx01jD-7LLel9DDvr54NsYcPUMm6f1RW2BWyyTnb5rBfwViZe_gMbdgRFV3ZHSKdQQHoe9315hrdn5LPua3EaUju8oOT6acu4AdB0z1XkLVX531-XJO-57tHvU1wCTQoyOQoMkUbtN6vk1jNzJ5j3tQBZEZdqcf5wwAV9CIhyzDkcznU5lN6o45KoZruiTZUGo4nOWJMc5rcYhbUGdTgsTpaNRR1GRQimK0zo1m-XjQWRfEHEWfPKly6nU7nDD9R7aSF_Fl0AW2BrKisXx3aVa8qAO98PIWyjaQDIMbCujajwy7u/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h18/h001.yyGrIW2YGiWUYJMSMNzEgaTG1TOQq0ekFSmRV2sqMhY" target="_blank" rel="noopener noreferrer nofollow"><span>marketing campaign</span></a>. Betting on elections is, and has <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpQO_vjZJeDOcftC1tP4dJ-Ij7rIEKFw-jfBA0h0O43r9mcFQVZXxdpW_ekkhvAje3RzKOPSdutrPLUq4Pfbte8FvBJ5A9yTaQnIWR1OAXcs69KpYndIGSRvefJLfCvSqq_SZ-mINgBpk8r_cPDk1HWmwfhFENdq3xLqmJw0YO0D4YwQXas3-mbbmrwFhkNjCsMbQrFV661QiwgIob51np-u8xhRDGbYCIsdDlMuTzUHG_1DyYl1IZxmTJlmz5C5RHQZnmjIddrFlMSA1zG8IK7XCsT348VrKq8HBhH6_i0nFOSjGf5QNIXkn3yvdeYGiztSMAIg9TAvap8cjgckqdkc/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h19/h001.t5I-dHngYRxbLxXR70j7os4lKWlkL02HpEQz4N38wkA" target="_blank" rel="noopener noreferrer nofollow"><span>basically always been</span></a>, illegal in most of the US — but prediction markets <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpZjL8AEowS6n9bls8RnRDWenQLYXl1tybx4Ujs59XDPSV3imwfF-_hkCdaLMR3KHcWiAPb3hUfQBxduZgJhfJ6Sbu8i9Ds99O6M5farTX8fbpb8ALisIwop56JtMqvT4DMXhjhIsMVALUKk_DPsJ7E2GRlf5Ci_Xcsl9A8awTz31bfBhUKwoLFEZpKEk1oDhN0r8wySThqK2b9u-pRiDRRQ1E_rbmCoofAwkj4wH23wopTpV-ZTe3tvOyAhM56_xYbU2vOdhvwdHX8BoxjrtZeDWHCyPkNHWewM6TKRG8bSIA3pnCKo8eOUzZOkVFGmogw/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h20/h001.q5IpbtD0eXTGMzibqaq5WQ6szoYGWRa4s1P05ci3xsc" target="_blank" rel="noopener noreferrer nofollow"><span>aren’t technically considered betting</span></a>! </p></td></tr><tr><td align="center" valign="top" style="padding-bottom:20px;padding-left:15px;padding-right:15px;padding-top:20px; " class="dd"><table role="none" border="0" cellspacing="0" cellpadding="0" style="margin:0 auto 0 auto;"><tr><td align="center" valign="top" style="width:630px;"><img src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80,width=1920,height=3840/uploads/asset/file/b5797452-3e30-4601-b5fd-927cfead85ce/stopfiy.png?t=1783698747" alt="" height="auto" width="630" style="display:block;width:100%;" border="0"/></td></tr><tr><td align="center" valign="top" class="t" style="width:630px; padding: 4px 0px 4px 0px;"><p>(<a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.NMB18wTvet0Rxnv_cCX8do7adqr7QOSWMYS2xk0n3raw5zJCNHx1XtFERwUqQXF4mgMtehlpCejcGfHAAmwrlCT8GMXnjwozFHvUbuPbFqSEbLb5fhn4RNcE9oU-wu-tSOQO7I5l3OOH-8QVgvN86FBFDnns9O6L4pFC-64k8OJyotqbOukgMMUQ-On6MfLbLkh2nYTElszCqO1PGSa-k9Mw-rXMhvkXXtsKu-eh6hx7rck7NmL0d1JTQZcurvjNDutht8OTOexDy7ePfGvNS2lbz5kY7jemoQEGxYFCtNuCisNoDYiKX5heQk0A5M6XHMHEbr0_LFv1PaFLqVXqLdfxKA2K6vgKnxyKbBZpN1tt3427kUwAH9NUDNGg6fmx/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h21/h001.mZfxPcx4HARZUiDC54CekJ5oOgEazlucb491BRJ2mAA" target="_blank" rel="noopener noreferrer nofollow"><span>Kalshi</span></a>)</p></td></tr></table></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> And so on and so on until there’s no more financial regulation anywhere. Prediction markets have a long history, but the modern incarnation led by Kalshi and Polymarket grew out of the infamous Bay Area <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpfBPxEq9gh8r1IYgjAmjWcggZDjMrIt8EUXl2OI5mzNu4Y54dhdztPFuoFjftSLH_UZcxspX9-2V3uelzVrCsRJTc59DiOV8Fb777ZqRYGcze6g6kkAwr7OQbCVcAUWvVZ3BWcMpOVgKzKy-1IMJ239mBKE3jjXFl-Px96rsla19OSf2oj4vgPD7Rpz-5HeDok2aANywn5MwWxI7dvbfuRsZ3M4oJ5de_aIxtNQL4mEFvYdZlRHo3f-EVOFoIR34AGIfGQhNae4MO4SRG2lk5V48s3AxEpmIE5f4wmoqOu8q7XmLA3vkqGYmIXADPXgDAA/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h22/h001.0BqR_rfFfj7Sq9A8ex91tXgWbZxSyIKgPLiBnI3yN6w" target="_blank" rel="noopener noreferrer nofollow"><span>rationalist community</span></a>, and hyper-online <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001._6gJ_hloMO0XbwV5bUjsLOvF8fGvWQ_EmwMZwwSXZ0lQbldJZeDx1Xc4HyN-C0MTPByLxKVR3t0pLkqdEC8exdxrusD7h6FyCzdd3kR1_IIaGyFMuoU2t5CyEZuV3CT9YV2ioRWQRf1pLHf7HeRU-OW79Id884WTyJPjWL6Hw2VTX52hajtWY3xjnrgkW2Nh44RslsBN2Ij0Flrcjh1xZ84T_uH2CfOdWMjC_-rkY-pwWObZMA8uavnlkd5IRNpp7fHetE7IkmMW2QoX5rb7GHcaIa21t0YA1KplUrtt_qdABNz4x7N0zvp98niEDHGzZCWSwSk6AsNfJMghkHy4Oq10kuFQaE-C8ST1IrB_qeaJ1LFbqOo8ZYrT-MZpHG0xOfAgZxJKMLCnSrxVbeLrCw/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h23/h001.gCygvnIj2OpLnGNkxZRJscJInp5_TwrCKL1bgmHxC1E" target="_blank" rel="noopener noreferrer nofollow"><span>crypto spaces</span></a>. Which, if you didn’t know, are both filled with people who genuinely want to overthrow the current socioeconomic order. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> That doesn’t really mean anyone who uses a prediction market is automatically a believer in the <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.GfCfFYCjlFsIxuyno160pENherei5pTWdvWlYafqkk4DLUYek1WG7E6Oomp7IK5ypF3gO-I8i3n9_GKVkAfRGvFrVplLh1y3sID8bm431qZyUv7HITUGq3XzdvL1teUAHW-ZB7IuXZU-VGLCvmPKNSu-sS-_QBn6V4KqjK45wtOcJ_QiugSjmldFhqEcvbQs6St7Fd0aAIQ4omC9AvnUTokeBeEnK3DYU-fUYAZvKes-RnV3ezZBlepb2abBE_sMTH_ahVbGS6QJuTITeZI5HJvgdYWCSHlma_U3yDg6fR8Sd_IQ7CnOwsC4uAJj_lBRYxVfjypIYtUF9fKgHD5SKF486grogIvCwBK-_PuShe0/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h24/h001.5oI5XhUsYq9yYRhuRPAVUlSi-RA-r4_OfSDbllXa6O0" target="_blank" rel="noopener noreferrer nofollow"><span>techno-feudalist</span></a> “Network State” or whatever. It’s more that the people setting the agenda on these apps are too online to care. Last month, I wrote for <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpdZaJmwJkgkqN5w2eIv3qzHASMr7iDR-QpeiS2F9cDvKnRucfY8dCk4istfxz8hDhlEWx2l8vGAtTwKUe8UoC3PAgeOa0BFtuKd_Z8rXVI4xVcDfiv1yY75xXbLrTbmXvivwiedc5nQ8uGqOSh5yTabtbYWVxn_z2xu4VHDQ9lmV2qwSY267c3-x7XNF_klLGoGgB082YwAytL1wXp1Rd5mT_YmjH1Z8USx8A-_ZIUCOxGMlXATLezbGIeSCaSNpTc87hWMs4wCgbzG2USaq1rie3-mF6a3b3Y5EhSk12VyrdDHqTYaNTkKLNK5nSKosx2xX5xJfjaHrIwimKEqFfxA8HwaKPTgEqDLPcItPQ8Jb_ujT0ljD15EM0glCuN4v0p1jvO-I9EyNlDsWZVsoPvhg687ip1bEioNDNNe8oZnXwF7LjVw1wDjgwXFAtVwWRt6aneEOPTfbU8VrVT9YZ5QBT4lJhyGO6Bnytm1nhuOubVeKcvJlxLXe7TwUf4C8oELhdkb3Eolry0YdSDycMtNYixLdjtn0xahvrfr80mMpiIrqsIW6e9b2P6mGrAzfaKS_aZAjRY_ceSC3BcjrghCdQy5KTby2Jsxe-SDFVgJAVzRpEArouAMMtB7x8wbiRgxJtCuMnJRmIYbM8nxQL5c6SFnrzEMQBF70rSSZ7tOs7AQGaw6uSNS9ccmVqoyeY8qgKxNUvo8_3UQ1X3s_OR7CKSb9qRkMwl3yrqrxKC8GKJBwCdzIf63y0-f8zs-O0Q/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h25/h001.rVvcP4s_hThHCbRONJH4YtZYzLfFWjT_f0NykeUoXh0" target="_blank" rel="noopener noreferrer nofollow"><span>Bloomberg </span></a><i><a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.Qr6Ovh5taOidqUa5P-dRpdZaJmwJkgkqN5w2eIv3qzHASMr7iDR-QpeiS2F9cDvKnRucfY8dCk4istfxz8hDhlEWx2l8vGAtTwKUe8UoC3PAgeOa0BFtuKd_Z8rXVI4xVcDfiv1yY75xXbLrTbmXvivwiedc5nQ8uGqOSh5yTabtbYWVxn_z2xu4VHDQ9lmV2qwSY267c3-x7XNF_klLGoGgB082YwAytL1wXp1Rd5mT_YmjH1Z8USx8A-_ZIUCOxGMlXATLezbGIeSCaSNpTc87hWMs4wCgbzG2USaq1rie3-mF6a3b3Y5EhSk12VyrdDHqTYaNTkKLNK5nSKosx2xX5xJfjaHrIwimKEqFfxA8HwaKPTgEqDLPcItPQ8Jb_ujT0ljD15EM0glCuN4v0p1jvO-I9EyNlDsWZVsoPvhg687ip1bEioNDNNe8oZnXwF7LjVw1wDjgwXFAtVwWRt6aneEOPTfbU8VrVT9YZ5QBT4lJhyGO6Bnytm1nhuOubVeKcvJlxLXe7TwUf4C8oELhdkb3Eolry0YdSDycMtNYixLdjtn0xahvrfr80mMpiIrqsIW6e9b2P6mGrAzfaKS_aZAjRY_ceSC3BcjrghCdQy5KTby2Jsxe-SDFVgJAVzRpEArouAMMtB7x8wbiRgxJtCuMnJRmIYbM8nxQL5c6SFnrzEMQBF70rSSZ7tOs7AQGaw6uSNS9ccmVqoyeY1MJputU2mCe7OeawEo_BvYQaV0n8w0Nf_KvVACT67CZkHktCnWuWvV5WvBQswpOKg/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h26/h001.683-QAmXx-or_yt6OGud44iYSJkcuT8e3fO_7CsWhhQ" target="_blank" rel="noopener noreferrer nofollow"><span>Businessweek</span></a></i> about how both Kalshi and Polymarket allowed for bets on “mindshare”. That was an AI-generated number that claimed to be an objective rating of online clout — but the rating was so easy to manipulate that the calculators had to change their entire ranking system twice before they started allowing bets. Why would the two biggest prediction markets let you predict a number that was so easy to fix? Because mindshare, that number, was really, really popular on X for a few months. And that beat any consideration about malfeasance, accuracy, or, y’know, responsibility. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> This is the bigger reason why, since the Malcolm Todd episode last week, Spotify has started to distance itself from Kalshi. According to <i>WIRED</i>, the company is removing its logos and blessing from Kalshi’s website, even though no one has any hard evidence that Kalshi traders were responsible for this. They’re starting to see how much they stand to lose if prediction markets continue lasering holes in all the structures that society has built up for the sake of social good. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> Spotify itself isn’t the most moral or responsible company (just gotta pause writing this to check the window for <a class="link" href="https://elink835.www.garbageday.email/ss/c/u001.oUs0D8s_r2G4yHUoIwXgZAnoUlFR5_Nsn_TTKX70KsXNmlO0KQCMaSVj0NnSvLQRIGNy_gE-L7KbRYs37MbwHItIa-89CuGE0gE24aGfCGLj1Q_atI67Kf8ujvBYUuJHMGeeX54-GkuuPd5n1j6ZyWZa9bN2XDuluzJ8Q8bTmVGdj484i2TBdqbS5gI_1gbilwXzckftYAgoLETrQZsotfdcjo8fr0PxcfVRGNjfm3mRX49vbsqAXdHTNpWmp82E5Z4EEhtcIVy-ftiw3aKNqIb2YIjkj77Oh1eeRIekZ334_2-wCkxJ41bRfOeKpoFG9sIrcgaGWyWhPr_rbVO_OIrCs176sLpGmTWl2-T1pOM/4s7/FEMoFKEPTkqRMf_XAxRTDQ/h27/h001.vfnGu_wT1sHYeygLirYg79KY6rFMUGPQKRVGAKr4GQI" target="_blank" rel="noopener noreferrer nofollow"><span>kamikaze drones</span></a>). But they profit off the status quo, including the part where you can at least vaguely trust what’s popular online to reflect reality. And Kalshi, along with other prediction markets, are making themselves and their users money off eliminating that. </p></td></tr><tr><td align="center" valign="top" style="font-size:0px;line-height:0px;padding:30px 0px 30px;" class="dd"><table class="j" role="none" width="50%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td> </td></tr></table></td></tr><tr><td class="dd" align="left" valign="top" style="color:#2A2A2A;font-weight:Bold;padding:0px 15px;text-align:left;"><h2 style="color:#2A2A2A;font-weight:Bold;mso-line-height-alt:150.0%;">Keep Reading For More Garbage: </h2></td></tr><tr><td style="padding-bottom:12px;padding-left:37px;padding-right:27px;padding-top:12px;" class="ee"><div style="margin-left:0px;" class="edm_outlooklist"><ul style="font-weight:normal;list-style-type:disc;margin-bottom:12px !important;margin-top:12px !important;padding:0px 0px 0px 0px;"><li class="listItem ultext"><p style="mso-line-height-alt:150.0%;padding:0px;text-align:left;word-break:break-word;"><a class="link" href="#this-was-reddits-second-biggest-pos" rel="noopener noreferrer nofollow" clicktracking="off"><span>This Was Reddit’s Second-Biggest Post In June</span></a></p></li><li class="listItem ultext"><p style="mso-line-height-alt:150.0%;padding:0px;text-align:left;word-break:break-word;"><a class="link" href="#brazilian-streamers-as-usual-have-a" rel="noopener noreferrer nofollow" clicktracking="off"><span>Brazilian Streamers (As Usual) Have Already Won Th …</span></a></p></li><li class="listItem ultext"><p style="mso-line-height-alt:150.0%;padding:0px;text-align:left;word-break:break-word;"><a class="link" href="#sorry-gta-vi-the-years-biggest-game" rel="noopener noreferrer nofollow" clicktracking="off"><span>Sorry GTA VI, The Year's Biggest Game Is Hide-And- …</span></a></p></li><li class="listItem ultext"><p 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