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● LIVE Updated 29d ago · 15 sources tracked

Meta is building a prediction markets app. These stocks fell in response

Meta CEO Mark Zuckerberg directed staff to build a prediction markets platform internally called Arena. The news caused stock prices for Robinhood and DraftKings to drop. The New York Times first reported the development.

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What changed

Meta is now identified as building a specific platform named Arena that impacted competitor stocks.

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  1. Meta Develops Prediction Markets App Arena

    Meta CEO Mark Zuckerberg directed staff to build a prediction markets platform internally called Arena. The news caused stock prices for Robinhood and DraftKings to drop. The New York Times first reported the development.

    What's confirmed:

    • Meta CEO Mark Zuckerberg directed staff to create a prediction markets platform.
    • The New York Times first reported Meta's plans for the app.
    • The internal name for the prediction markets platform is Arena.
    • Stocks for DraftKings and Robinhood fell in response to the news.
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