Meta creates a prediction markets app with a points system
Meta CEO Mark Zuckerberg has directed a small team to develop a smartphone app similar to Polymarket and Kalshi.
The app, internally referred to as Arena, will likely use a video game-like points system instead of real money wagering.
Prediction markets have gained popularity, allowing investors to wager on various events, including monetary policy and sports tournaments.
The app will function independently from Meta’s social networking apps, such as Facebook and Instagram.