Mark Zuckerberg directed Meta to create a prediction markets app
Meta is building a prediction markets app.
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4 agency rewrites / co-publications detected
Summary
Meta is building a prediction markets app. But as Facebook and Instagram increasingly serve video-focused content, Meta executives believe there are fewer areas inside the apps to test new product ideas, the people said. Arena is one of several new apps Meta is testing, according to the Times.
Furthermore, Others include one called Meta Photos, another stand-alone app that would create new types of media using artificial intelligence, the employees said. Prediction markets have also faced integrity problems. 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.
In addition, 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. A new app could compete with Polymarket and Kalshi.
One point remains disputed: Divergent figures — In 2025, Kalshi and Polymarket drew a combined $50 billion in online trades. ; In 2025, Kalshi and Polymarket drew a combined US$50 billion in online trades..
Cross-referenced from 12 sources.
Factual coreconfirmed by several independent voices
Meta is building a prediction markets app.
reliability moderate3/6 sourcesBut as Facebook and Instagram increasingly serve video-focused content, Meta executives believe there are fewer areas inside the apps to test new product ideas, the people said.
reliability moderate2/4 sourcesArena is one of several new apps Meta is testing, according to the Times.
reliability high4/8 sourcesMark Zuckerberg directed Meta to create a prediction markets app.
reliability moderate2/5 sourcesOthers include one called Meta Photos, another stand-alone app that would create new types of media using artificial intelligence, the employees said.
reliability moderate2/3 sourcesPrediction markets have also faced integrity problems.
reliability moderate2/2 sourcesMeta 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 sourcesThe 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
Reported detailssecondary facts, each attributed to its source
A new app could compete with Polymarket and Kalshi.
according to TechCrunch +2Arena would initially use a video-game-style points system rather than letting users wager real money, according to the report.
according to TechCrunch +1The CFTC proposed new rules on June 10 that would ban contracts tied to war, assassinations, and terrorism while potentially legalizing wagers on sporting events.
according to The Next WebRelated: Republican lawmaker proposes prediction markets insider trading ban, not including White House officials Meta reportedly planned to cut 10% of its staff in April amid the company pivoting to artificial intelligence, a move expected to affect about 8,000 people.
according to CointelegraphCombined monthly trading volume across both platforms quadrupled from under $5 billion to $24 billion between September 2025 and April 2026, according to Pew Research, but even that surge is small relative to Meta’s user base.
according to The Next WebSome of lawmakers’ concerns stemmed from a soldier allegedly making more than $400,000 on a Polymarket event contract related to the capture of Venezuela President Nicolás Maduro, removed by US forces in January to face a criminal trial in New York City.
according to CointelegraphIn 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 ZeroHedgeUnlike 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 CoinDeskAs CoinDesk notes , Meta’s renewed interest in the sector is hardly surprising given the broader industry trend in the same direction.
according to ZeroHedgeThe project marks a revival of Meta’s earlier Forecast initiative and comes amid surging interest in prediction markets and growing regulatory scrutiny over whether such event contracts amount to gambling or are legitimate financial instruments.
according to CoinDesk
Disputedincompatible versions — to verify
Divergent figures
- In 2025, Kalshi and Polymarket drew a combined $50 billion in online trades.Cointelegraph
- In 2025, Kalshi and Polymarket drew a combined US$50 billion in online trades.Bangkok Post - Most Recent, The Business Times (SG)
Opposite versions
- Published Wed, Jun 24, 2026 · 08:56 AM It will not use real-money betting for now but…Bangkok Post - Most Recent
- Published Wed, Jun 24, 2026 · 08:56 AM It will not use real-money betting for now but…The Business Times (SG)
Framing by sidesame fact, different words — loaded terms highlighted
No notable framing divergence.
Blind spotwhat one side keeps silent
Meta previously launched a similar product called Forecast in 2020, which encouraged users to make predictions about current events and…
omitted byLeft sideRight sidePublic / Agenciescovered byCenterRight sideMeta shuttered the app in 2022.
omitted byLeft sideRight sidePublic / Agenciescovered byCenterRight sideThe effort comes as prediction markets have gained unprecedented popularity following Polymarket’s breakout success during the 2024 US…
omitted byLeft sideRight sidePublic / Agenciescovered byCenterRight sideIn the United States, the Commodity Futures Trading Commission has repeatedly grappled with whether certain event contracts serve a…
omitted byLeft sideRight sidePublic / Agenciescovered byCenterRight sideCrypto-native companies such as Coinbase and Kraken have explored opportunities in the space, while retail brokerage Robinhood has…
omitted byLeft sideRight sidePublic / Agenciescovered byCenterRight side
Sources12 sources cross-checked
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Story timelinehow this story developed, day by day
Tuesday, June 23
Meta Has Created a Prediction Markets App
Reliability 70 · high7 sources5 independent voices2 countries · 1 languagesblind spot · Left siderewrites detectedMeta’s Zuckerberg wants to build prediction market app like Polymarket and Kalshi: NYT
Reliability 70 · high7 sources5 independent voices2 countries · 1 languagesblind spot · Left siderewrites detected
Monday, June 22
- polymarkettechcrunch polymarket has reportedlyfinance we investigated polymarketpolymarket caught funding fake14 h ago
Polymarket has reportedly been paying creators to post fake betting videos
Reliability 48 · moderate3 sources3 independent voices2 countries · 1 languages Polymarket under fire over deceptive creator video
Reliability 43 · moderate2 sources2 independent voices2 countries · 1 languages