Meta is building a prediction markets app to rival Polymarket, Kalshi: report

Source: New York Post

Mark Zuckerberg’s Meta is quietly developing a prediction markets app that could challenge industry leaders Polymarket and Kalshi, according to a report. Zuckerberg recently tasked a small team inside Meta with building the experimental app, which is internally known as “Arena,” the New York Times reported, citing two employees familiar with the matter. The standalone smartphone app would allow users to make predictions on everything from sports and politics to major news events, according to the report.