With prediction markets becoming one of the fastest-growing trends on the internet, Meta is reportedly joining the movement under Mark Zuckerberg's leadership by developing an experimental platform. According to reports, the social media company is building an experimental app called Arena, a points-based prediction app giving users the ability to forecast outcomes of real-world events. While no real-money betting is initially involved, reports suggest that this option hasn't been completely ruled out.
The project illustrates the rising appeal of prediction markets but also blurs the line between gaming, investing, and gambling. Experts caution that this exposes more people to addictive betting behaviours if this app is eventually introduced to major social media platforms.
