Zuckerberg Takes on Polymarket and Kalshi... Or Are They? Meta IS Building a Prediction Market - but It "Won't Use Cash Or Crypto"...

Mark Zuckerberg Is Selflessly Building Yet Another Horrible Product Nobody Asked For

The explosive popularity of prediction markets, spearheaded by Polymarket and Kalshi, has shocked experts, who are warning of a surge in gambling addiction. The platforms have massively lowered the barriers to entry for problem betting, allowing practically anybody to wager their hard-earned cash on events ranging from the outcomes of deadly wars to who will win the World Cup. Given all that controversy, maybe it shouldn’t come as a surprise tha…

What Does Mark Zuckerberg Want With Prediction Markets?

His and Meta’s latest copycat act may be less about getting into gambling than about creating another siphon for unpaid content and data, John Herrman writes.

Zuckerberg Takes on Polymarket and Kalshi... Or Are They? Meta IS Building a Prediction Market - but it "Won't Use Cash Or Crypto"...

Mark Zuckerberg has reportedly told a small group inside Meta to start building a prediction market app, and it sounds a lot like Polymarket with the engine swapped out.The New York Times broke the story on Monday, reporting that Zuckerberg directed an internal team at Meta to develop a standalone smartphone app referred to internally as "Arena." It would let users weigh in on the outcome of sporting events, elections, market moves, pop culture …