Meta Has Created a Prediction Markets App

Factual coreconfirmed by several independent voices

• Meta is building a prediction markets app.

  reliability moderate3/3 sources

• The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."

  reliability moderate2/2 sources

• Meta previously launched a similar product called Forecast in 2020, which encouraged users to make predictions about current events and emerging trends during the early stages of the Covid-19 pandemic.

  reliability moderate2/2 sources

• Meta ultimately took down the product in 2022.

  reliability moderate2/2 sources

• The effort comes as prediction markets have gained unprecedented popularity following Polymarket’s breakout success during the 2024 US presidential election, when traders came to the crypto-based platform to place bets on electoral outcomes, driving billions of dollars in trading volume and elevating prediction markets into the mainstream political conversation.

  reliability moderate2/2 sources

• Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times.

  reliability moderate2/2 sources

• In the United States, the Commodity Futures Trading Commission has repeatedly grappled with whether certain event contracts serve a legitimate hedging purpose or constitute prohibited gaming activities.

  reliability moderate2/2 sources

• Crypto-native companies such as Coinbase and Kraken have explored opportunities in the space, while retail brokerage Robinhood has introduced event-based contracts tied to political and economic outcomes.

  reliability moderate2/2 sources

Reported detailssecondary facts, each attributed to its source

• Arena would initially use a video-game-style points system […] This story continues at The Next Web

  according to The Next Web

• Meta’s new prediction market app Arena could bring betting to 3 billion users.

  according to The Next Web

• In some ways, the product would be an extension of Meta's scuttled stablecoin project, Libra, when the company was hoping to enter the lucrative payments wallet market, however that venture proved unsuccessful and Zuckerberg pulled the plug in 2022.

  according to ZeroHedge

• Jun 23, 2026, 5:54 p.m. 2 min read Summary Meta is developing an experimental prediction market-style app called Arena that would let users forecast outcomes in politics, sports, entertainment and world affairs.

  according to CoinDesk

• Unlike traditional platforms such as Polymarket or Kalshi, Arena is expected to use a video game-like points system rather than cash, though Meta has not ruled out eventually allowing real-money betting.

  according to CoinDesk

• As CoinDesk notes, Meta’s renewed interest in the sector is hardly surprising given the broader industry trend in the same direction.

  according to ZeroHedge

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Framing by sidesame fact, different words — loaded terms highlighted

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• Meta previously launched a similar product called Forecast in 2020, which encouraged users to make predictions about current events and…

  omitted byLeft sideRight sidecovered byCenterRight side

• Meta ultimately took down the product in 2022.

  omitted byLeft sideRight sidecovered byCenterRight side

• The effort comes as prediction markets have gained unprecedented popularity following Polymarket’s breakout success during the 2024 US…

  omitted byLeft sideRight sidecovered byCenterRight side

• Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to…

  omitted byLeft sideRight sidecovered byCenterRight side

• In the United States, the Commodity Futures Trading Commission has repeatedly grappled with whether certain event contracts serve a…

  omitted byLeft sideRight sidecovered byCenterRight side

Sources5 sources cross-checked

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