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Mark Zuckerberg directed Meta to build a prediction‑markets app

techJun 23, 2026262,023

The New York Times reported that Mark Zuckerberg directed Meta to build a prediction‑markets smartphone app called Arena to compete with Polymarket and Kalshi. Zuckerberg dispatched a small internal team to develop Arena, which Meta sources say would initially use a video game‑style points system rather than real money, though the company has not ruled out future real‑money betting. Meta plans for Arena to be a standalone offering separate from Facebook and Instagram for now, but executives' interest in deploying prediction mechanics raises regulatory and youth‑protection concerns because Meta could quickly scale the product through its existing platforms.

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