Meta Developing Prediction Markets App Arena to Compete With Polymarket and Kalshi

According to reports, Meta Platforms is developing a standalone prediction markets app called Arena, signaling potential competition with Polymarket and Kalshi. The project is being directed by Chief Executive Mark Zuckerberg and developed by a small internal team. Arena is expected to launch with a points-based system rather than real-money trading, a structure designed to lower immediate regulatory risk while Meta tests user engagement and market mechanics. The company has not ruled out adding real-money features in the future, though no final launch timeline has been confirmed.
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