Meta building Arena platform to compete with prediction market rivals
Meta is reportedly developing an experimental prediction market application known as Arena. The project aims to challenge existing platforms such as Polymarket and Kalshi.
Amalgamated from Yahoo Finance (opens in new tab), NY Post (opens in new tab), CNBC (opens in new tab), New York Times (opens in new tab)
Meta is reportedly developing a new prediction market application internally titled "Arena." The project is designed to offer competition for established services such as Polymarket and Kalshi.
According to reporting from the New York Times, cited by both Yahoo Finance and the NY Post, Mark Zuckerberg tasked a specific team within Meta to build the software. The platform currently functions as an experimental application within the company's internal development cycle.