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Mark Zuckerberg wants Meta to launch its own prediction market

CEO Mark Zuckerberg has directed staff to build a prediction markets platform called Arena. The app is intended to be independent of Meta's social media sites, though those platforms may direct users to it. The project aims to compete with profitable platforms like Polymarket and Kalshi.

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What changed

Reports have emerged that Mark Zuckerberg is directing the development of a prediction market app named Arena.

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  1. Meta Developing Prediction Market App Arena

    CEO Mark Zuckerberg has directed staff to build a prediction markets platform called Arena. The app is intended to be independent of Meta's social media sites, though those platforms may direct users to it. The project aims to compete with profitable platforms like Polymarket and Kalshi.

    What's confirmed:

    • Mark Zuckerberg directed staff to develop a prediction markets platform.
    • The project is internally known as Arena.
    • The app is intended to be independent of Meta's other social media offerings.
    • Polymarket and Kalshi have recorded profits this year.

    Still unconfirmed:

    • The app will be AI-powered.
    • Meta's social sites will direct users to engage with the app.
    • The app is causing DraftKings and Robinhood stocks to fall.
    confidence 80%