Zuckerberg reportedly wants a Polymarket clone — but without real money

Meta CEO Mark Zuckerberg has tasked a mini squad astatine the institution pinch making an app that useful for illustration the prediction markets Polymarket and Kalshi, according to The New York Times. The app, internally called “Arena” won’t fto users wager existent money, but alternatively will “probably rely” connected allowing users to stake pinch points, the NYT says — though Meta apparently hasn’t ruled retired yet allowing group to stake pinch existent money.

Should Meta’s app motorboat publicly, it would beryllium conscionable the latest illustration of Meta taking a celebrated thought from different institution and building its ain version, for illustration it did erstwhile it cloned Snapchat’s Stories format and TikTok’s vertical video feed. However, prediction markets person besides been rife pinch controversy, including users being arrested for placing suspicious bets. The Wall Street Journal besides recently reported that Polymarket paid group to station clone videos of themselves placing bets.

Arena is group to beryllium independent from Meta’s different apps, though the institution plans to constituent users to it from its different platforms. According to the NYT, Meta insiders characterized the app arsenic a “top priority.” Meta and Polymarket didn’t instantly reply to a petition for comment. Kalshi spokesperson Laura Frank declined to comment.