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Tao Zhu, Jinse Finance
Summary: When Meta enters the prediction market, most people's reaction is that Meta is going to copy homework again. On June 24, according to The New York Times, Zuckerberg instructed Meta to develop a prediction market app called "Arena", similar to Polymarket or Kalshi, which is a points-based application for predicting and betting on politics, sports, and world events.
I. What is Arena?
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The prediction market has moved from a niche track to the mainstream in a very short time. Over the past year, trading volumes on leading platforms such as Kalshi and Polymarket have surged, from less than $5 billion per month at the end of 2025 to about $24 billion in April 2026. The prediction market was initially used mainly for political forecasting, but has now rapidly expanded to sports, economics