Mark Zuckerberg has reportedly directed Meta to build a prediction market app that would compete with rapidly growing gambling sites like Polymarket and Kalshi.
The New York Times reports that Meta is developing a new prediction markets application internally called “Arena,” according to two employees with knowledge of the project who spoke on the condition of anonymity. The app would operate independently from Meta’s existing social networking platforms, which include Facebook, Instagram, WhatsApp, and Messenger.
The effort represents part of a broader initiative by Zuckerberg to create new standalone applications based on emerging online…
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