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Mark Zuckerberg wants Meta to launch its own prediction market (opens original article in a new tab)

TL;DR

Mark Zuckerberg is pushing Meta to create a prediction market app called 'Arena' that functions as a video game with points, not real money, amid growing legal and regulatory scrutiny of the industry.

  • Mark Zuckerberg wants Meta to develop a prediction market app called 'Arena' that uses points instead of money.
  • The app would be separate from Meta's social media platforms but could be promoted through them.
  • Prediction markets have seen increased trading volume and legal challenges, including lawsuits and investigations.

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