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B1 DAILY STORY
Business 24 Jun 2026

Meta plans to release AI-powered prediction market app, documents show

The company is building an app separate from Facebook and Instagram where people can wager on the outcome of real-world events, using "play money."

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The company is building an app separate from Facebook and Instagram where people can wager on the outcome of real-world events, using "play money." Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector that some analysts project could become a $1 trillion industry in the coming years. Meta CEO Mark Zuckerberg has instructed a team to start building a standalone app called Arena where people can guess the outcome of real-world events, according to two employees who were not authorized to speak publicly about the project. Meta's plans to build a prediction market app were first reported by The New York Times.

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