Meta Building Prediction Markets App to Take On Polymarket

Meta is quietly building a standalone prediction markets app. The project, internally dubbed "Arena," would exist outside the Facebook and Instagram ecosystems as its own independent product.

Here's the twist: Arena would likely use video game-style points rather than actual money wagers. That's a significant design choice that sidesteps the regulatory minefield surrounding real-money prediction markets.

The app would pit Meta directly against Polymarket and Kalshi, the two dominant players in the prediction markets space. Both platforms have gained serious traction by letting users bet real money on the outcomes of elections, economic events, and cultural moments.

Meta's points-based approach could lower the barrier to entry dramatically. No money on the line means no gambling regulations to navigate — and potentially a much larger user base willing to play. Whether gamified predictions without financial stakes can compete for attention remains the open question.