Meta is reportedly developing an internal prediction market platform known as Arena, as revealed by The New York Times. This platform will allow users to make predictions on various events using points rather than real currency.
Mark Zuckerberg is said to support this initiative, which aims to utilize Meta's extensive user base across Facebook, Instagram, and other social media platforms. This new venture follows the company's earlier attempt at a prediction service called Forecast, which was launched in 2020 but discontinued two years later.
