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Mark Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi

Meta is developing a standalone prediction market app internally called Arena. Mark Zuckerberg has urged the company to explore partnerships with existing platforms Polymarket and Kalshi. Unlike those competitors, Arena will use video-game-like points rather than real-money wagers.

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What changed

Meta is now reportedly pursuing partnerships with Polymarket and Kalshi while building its own app.

Live updates

  1. Mark Zuckerberg Directs Meta to Explore Prediction Market Partnerships

    Meta is developing a standalone prediction market app internally called Arena. Mark Zuckerberg has urged the company to explore partnerships with existing platforms Polymarket and Kalshi. Unlike those competitors, Arena will use video-game-like points rather than real-money wagers.

    What's confirmed:

    • Mark Zuckerberg directed Meta to explore working with prediction markets Polymarket and Kalshi.
    • Meta is developing a prediction market app internally called Arena, also codenamed Antwerp and FBForecast.
    • Arena will use video-game-like points instead of real-money wagers.
    • Meta and Polymarket declined to comment on the reports.

    Still unconfirmed:

    • Mark Zuckerberg met with Kalshi CEO Tarek Mansour last year to discuss a possible takeover.
    • Meta considered acquiring Kalshi before deciding to build its own app.
    • The Arena app specifically targets younger users.
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