Meta to develop prediction markets application following internal directive

Mark Zuckerberg has directed a small team within Meta to develop a new mobile application for prediction markets, according to reports from the New York Times. The proposed application is intended to function similarly to existing platforms such as Polymarket and Kalshi.

While these services are established in the field of predicting outcomes, Meta's version would initially utilize a video game-like system of points rather than actual currency for wagering. According to Slashdot, which cited reporting from the New York Times, the company has not ruled out the future integration of real money betting into the platform.

TechCrunch reported that while the application will operate independently from Meta's primary social media offerings, those existing platforms could still be used to direct users toward the new service. This structure allows for cross-promotion between Meta's core products and its newer offering while maintaining a separate identity for the prediction market app.

Yahoo Finance confirmed the news of Zuckerberg’s directive to develop the platform. The move into this space follows a period of increased interest in prediction markets as tools for forecasting various events. While a specific internal name for the project was not disclosed, it is currently being developed by a dedicated team within the company.