Meta is developing a new standalone prediction market application that could place the social media giant in direct competition with fast-growing platforms such as Polymarket and Kalshi, according to a new report.
The New York Times detailed that the project, internally known as "Arena," was ordered by CEO Mark Zuckerberg and is being developed by a small team inside the company. The application would allow users to make predictions about future events ranging from politics and sports to economic developments and cultural trends.
