Meta builds Arena app for points-based prediction markets (opens in new tab)

Meta CEO Mark Zuckerberg directed a team to build a standalone prediction-market app internally called Arena, a product modeled on platforms such as Kalshi and Polymarket, which let users forecast real-world outcomes. Several reports said the app would initially use points, rankings and game-style competition instead of real-money bets. Meta is developing Arena separately from Facebook, Instagram, WhatsApp and Messenger, though it may use those platforms to direct users to the new app. Source...