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Meta is working on developing a new prediction app called "Arena," aimed at competing with current market platforms and prediction markets like Polymarket. The app focuses on providing a gaming-like experience, allowing users to earn points by predicting the outcomes of specific events, without using real money in the initial phase. Financial transactions are expected to be introduced later, as this sector is experiencing rapid growth, attracting millions of dollars in trading, despite legal issues and investigations related to prediction markets.
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