Meta CEO Mark Zuckerberg has tasked a small team at the company with making an app that works like the prediction markets Polymarket and Kalshi, according to The New York Times. The app, internally called "Arena" won't let users wager real money, but instead will "probably rely" on allowing users to bet with points, the NYT says - though Meta apparently hasn't ruled out eventually allowing people to bet with real money.
Should Meta's app launch publicly, it would be just the latest example of Meta taking a popular idea from another company and building its own version, like it did when it cloned Snapchat's Stories format and TikTok's vertic …
This article was originally published by The Verge and written by Jay Peters.
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