Meta Plans New Prediction App
Meta is developing a new prediction app internally codenamed "Arena," with the aim of competing with leading prediction platforms like Polymarket. The app is nearing the point of becoming an independent platform that allows users, through an experience similar to electronic gaming, to predict the outcomes of various events via a system that does not currently involve direct financial bets, though there may be an option to add transactions in later stages. It is worth noting that the prediction market industry experienced significant growth over the past year, with trading volumes on some platforms reaching tens of billions of dollars, attracting the attention of major technology companies.
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