Mark Zuckerberg Directed Meta to Create a Prediction Markets App (6 minute read) (opens in new tab)

Mark Zuckerberg recently dispatched a small team at Meta to create a smartphone app similar to Polymarket and Kalshi. The app uses a points system rather than real money, but Meta has not ruled out the eventual use of real money betting. Internally referred to as 'Arena', the app will function independently from Meta's other apps. The effort is part of a broader purchase at the company to create new types of apps based on emerging social behavior online.