Product3 min read
Meta developing standalone prediction market app called 'Arena'
Tags Consumer
The New York Times · TechCrunch·
Mark Zuckerberg is pushing Meta to launch a standalone prediction market app internally called 'Arena,' which would compete with Polymarket and Kalshi. The app would be independent of Facebook and Instagram, though Meta's social platforms could direct users to it. The move signals Meta's expansion into financial prediction and betting products.
Technical significance
A Meta-backed prediction market with social distribution could bring prediction markets to mainstream users. However, regulatory classification — gambling vs. event contracts — remains a key uncertainty that will shape the product's scope and availability.