Meta Reportedly Dips Its Pathetic Toes Into The Prediction Market Space

A new app could compete with Polymarket and Kalshi.

Mark Zuckerberg has directed Meta to create a prediction markets app, according to a report by The New York Times. The experimental app reportedly goes by the name "Arena" and could eventually compete with platforms like Polymarket and Kalshi. Where trends go, Meta follows.

Company insiders have stated that this is a top priority for Zuckerberg and Meta. These same insiders say that Meta plans to grow the app by leveraging its gigantic user base on platforms like Facebook and Instagram. Both Polymarket and Kalshi are over five years old, with a near-complete dominance of the industry, so Meta would have a lot of catching up to do.

The New York Timeshas also reported that the Arena app will likely rely on a video-game like points system, instead of money. If that's the case, I'm not sure...

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