MarketPR
Meta Platforms is developing a prediction markets application, the New York Times reported, with Chief Executive Mark Zuckerberg personally directing staff to build the product.
The platform, known internally as "Arena," represents Meta's push into a market segment that has gained mainstream attention in recent years.
Shares of companies operating in the prediction markets space fell following the report.
Zuckerberg's Direct Hand in "Arena" The scope of Zuckerberg's involvement signals this is a strategic priority rather than a skunkworks experiment.
Keep reading