Meta CEO Mark Zuckerberg has assigned a team to develop an application similar to prediction markets like Polymarket and Kalshi, as reported by The New York Times. The app, referred to internally as 'Arena,' will not allow users to wager real money initially but may use points for betting. Meta has not excluded the possibility of incorporating real money betting in the future. If launched publicly, this app would reflect Meta's trend of creating versions of popular features from other companies.
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Meta CEO Mark Zuckerberg Develops Prediction Market App 'Arena'
Mark Zuckerberg has initiated the development of a prediction market app named 'Arena' at Meta. The app will initially allow users to bet with points instead of real money, with the potential for real money betting in the future. This move aligns with Meta's history of replicating successful features from other platforms.
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Original Headline
Zuckerberg reportedly wants a Polymarket clone — but without real money
Neutral Headline
Meta CEO Mark Zuckerberg Develops Prediction Market App 'Arena'