The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena.

Prediction markets are financial exchanges that allow people to trade on the outcomes of future events, from election results to baseball games to the subject of an Elon Musk tweet. Part forecasting ...

Prediction markets have gone from a niche internet product to mainstream surprisingly quickly. The idea is simple: you put real money behind your forecast on a real-world event — who wins the election ...

Over the past decade, while the rest of us have been screaming at televisions about inverted full-backs, high-press triggers, and whether the striker is “finished” at 29, a bloodless coup has been ...

The app would be independent of Meta's other social media offerings, although sources told the NYT that those social sites ...

Mark Zuckerberg’s Meta is quietly developing a prediction markets app that could challenge industry leaders Polymarket and ...

Recent price run-ups don’t mean a bubble is about to burst — unless you’re looking at this sector.

The experimental app, internally called “Arena,” would be independent of Facebook and Instagram. It could compete for ...

Meta, which said it had more than 3.5 billion users across its family of apps as of March, could challenge Kalshi’s and ...

Long before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel ...

Getting the future right is now big business. But at a festival in Berkeley, forecasters worry that sports markets could take the whole industry down.