- Meta is reportedly developing a standalone prediction app called Arena, where users would compete for points and rankings rather than wager real money.
- The project marks Meta’s second attempt at prediction-based platforms, following the earlier shutdown of its Forecast app, but it arrives as prediction markets like Polymarket and Kalshi are booming.
- Arena is still under development and may never launch, but the reported project has already attracted criticism from lawmakers concerned about Meta’s growing focus on engagement-driven products.
The internet has always loved making predictions. Whether it’s guessing who will win an election or which team will lift a trophy, people enjoy putting their confidence behind a forecast and seeing if they’re right. Over the past few years, that habit has evolved into a booming business through prediction market platforms such as Kalshi and Polymarket, where collective opinion effectively becomes a real-time indicator of what people think will happen next. And now, Meta reportedly wants in.
According to a report from The New York Times, Mark Zuckerberg has tasked a team with building a new app called “Arena.” The project is said to focus on predictions, but with one important distinction: users won’t be wagering actual money. Instead, the experience would revolve around video game points, rankings, and competition, turning forecasting into a game rather than a betting platform.
