Meta Builds “Arena” Prediction Markets App to Take on Polymarket and Kalshi

TLDR: Meta CEO Mark Zuckerberg has tasked an internal team with building Arena, a standalone prediction markets app.  Arena will use a points-based system at launch, avoiding real-money wagering regulatory hurdles. Meta’s 3.56 billion daily users across its platforms will serve as Arena’s primary growth engine.  Arena revisits Meta’s failed 2020 Forecast app, betting prediction [...]

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