Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT (opens original article in a new tab)

Meta is developing an experimental prediction market app called 'Arena' that uses a video game-like points system for forecasting events in politics, sports, entertainment, and world affairs, amid growing popularity and regulatory concerns about prediction markets.

• Meta is developing an experimental prediction market app called 'Arena' with a video game-like points system instead of cash
• Arena would allow users to forecast outcomes in politics, sports, entertainment, and world affairs
• Meta's renewed interest in prediction markets follows surging popularity and regulatory scrutiny over such platforms