CoinDesk
Meta’s Next Big Move: ‘Arena’ Prediction Market App in Development Amid Sector Boom
June 23, 2026•02:54 PM
Meta is reportedly developing a new prediction market application dubbed ‘Arena’ to capitalize on the rapidly expanding forecasting sector. Citing sources familiar with the matter via the New York Times, the app is designed to let users forecast future events through a points-based system rather than traditional cash wagers.
This strategic pivot positions Meta to tap into the massive growth of prediction markets while sidestepping the immediate regulatory hurdles associated with real-money gambling. By leveraging its massive user base, Meta aims to transform social engagement into a powerful engine for collective intelligence and event forecasting.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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