Meta is making an app to predict what is going to happen, report claims (opens original article in a new tab)

Meta is creating a prediction app, 'Arena', allowing users to guess future events, with potential for real-money betting, following the rise of prediction markets like Polymarket and Kalshi, which have faced controversy over ethical concerns.

• Meta is developing a prediction app called 'Arena' for users to guess future events
• The app may transition from a points system to real-money betting in the future
• Prediction markets have grown in popularity but face criticism over potential insider trading and ethical concerns