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Mark Zuckerberg's Meta develops prediction market application Arena

MeNews
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Abstract generation in progress
ME News Report, June 24 (UTC+8), Meta CEO Mark Zuckerberg recently dispatched a team to develop a smartphone app called Arena, which is independent of Facebook and Instagram and aims to compete with major prediction markets like Polymarket and Kalshi. The app is currently in internal development, experimental in nature, and users will not place bets with real funds but rely on a points system similar to video games, though the possibility of eventually using real money for betting is not ruled out. Additionally, Meta is testing another standalone app called Meta Photos, which will utilize AI technology to create new types of media. Currently, Meta has declined to comment on this. (Source: ODAILY)
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