Meta trials no-cost betting app

Meta is working on developing a new app called Arena, aimed at creating a platform for betting on various events, inspired by digital prediction markets. In its initial phase, it will not allow real money betting; instead, it will use a points-based system for games. The project focuses on leveraging the audience of Meta's social platforms to encourage users to try out the service, amid broader trends toward developing standalone applications that rely on artificial intelligence technologies and prediction markets. This move is part of Meta's efforts to promote future growth and diversify its products, at a time when concerns about legal scrutiny and challenges in convincing users to download and use new apps are increasing.

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