Mark Zuckerberg Has Directed Meta Team to Develop Prediction Market App “Arena”

CoinFeed, June 24 – According to a New York Times report, Meta CEO Mark Zuckerberg has directed his team to develop a prediction market app, internally codenamed “Arena,” which will operate independently of Facebook, Instagram, WhatsApp, and Messenger. The app will use a game points system instead of real-money betting, though the possibility of introducing real-money betting in the future has not been ruled out. Meta plans to promote the app through its vast social network user base. This move is part of Zuckerberg’s broader strategy to create new types of apps based on emerging online social behaviors. Insiders say the project is experimental but of the highest priority. Arena is one of a few apps Meta is experimenting with, including the AI-powered standalone app Meta Photos.