Mark Zuckerberg wants Meta to launch its own prediction market

5 hours ago

Meta CEO Mark Zuckerberg is backing the creation of an independent prediction market app called 'Arena', which will initially operate without real money, using points like a video game.
Prediction markets have seen significant growth, with platforms like Polymarket and Kalshi handling tens of billions in trading volume, attracting partnerships with social media like X.
The industry faces legal challenges, including insider trading cases and lawsuits from states over gambling law violations, alongside federal support that complicates the regulatory landscape.

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