Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
2026-06-23 17:58:37
Meta (META), the parent company of Facebook, is developing an experimental prediction market-style app called “Arena,” according to CoinDesk, citing people familiar with the matter who spoke with the New York Times. The app would let users forecast outcomes in politics, sports, entertainment and world affairs, likely using a video game-like points system rather than cash wagers, though Meta has not ruled out eventually allowing real-money betting. The project revives Meta’s earlier Forecast initiative, which launched in 2020 and was taken down in 2022, and comes as prediction markets face rising regulatory scrutiny, including from the CFTC.
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