Sources: Meta is building a standalone prediction markets app internally called Arena, which would probably use video game-like points instead of money wagers
The experimental app, internally called “Arena,” would be independent of Facebook and Instagram. It could compete for attention …
New York Times
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Discussion
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@howardlindzon
Howard Lindzon
on x
$meta to change name to Facebets
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@jukan05
Jukan
on x
Wow, Meta is apparently entering the prediction market business now... Honestly, I think it wouldn't be a bad idea for Meta to get back into the stablecoin business at this point, similar to what it tried to do with Libra back in the day. [image]
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@senblumenthal
Richard Blumenthal
on x
Meta copied slot machines to addict kids to Instagram. Now Zuckerberg is turning his company into a prediction market. Meta's business model is profiting from addiction—kids, gamblers, & more. Stop it through KOSA & my prediction markets bills. https://www.nytimes.com/...
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@hamandcheese
Samuel Hammond
on x
Meta is slowly becoming a bundle of 2nd or 3rd best knock-off products: Threads vs X, Messenger / Whatsapp vs Signal, Muse / Llama vs GPT / Claude, “Arena” vs Kalshi / Polymarket. At this rate the company should be called Meso
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@jason_kint
Jason Kint
on x
Surveillance company. It built 97% of its biz on microtargeting ads based on what it now calls “signals” mostly harvested from 3rd parties and rest of the web. Everything else is a hack to get more data. With kids, people seem to get more upset about it.
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@loudmouthjulia
Julia Alexander
on x
You know, it really is incredible how Meta spends year after year telling congress that it's not making addictive products for teens* and then goes about spending every waking minute making addictive products for teens. *meta will say their products are not even for teens
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@mgsiegler
M.G. Siegler
on x
Sir, we're in the midst of yet another perception crisis. Hold my beer, I have just the ticket...
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@gergelyorosz
Gergely Orosz
on x
I'm actually expecting this to happen a LOT more: A company does X as their bread-and-butter. But now, with AI, they realize “hey we can build quickly.” So they build a product to do Y (where they know nothing about Y.) I'm sure in some cases it will work, mostly crash&burn tho
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@luke_metro
@luke_metro
on x
why create the world's top platform for political & sports ragebait, then let Kalshi monetize it?
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@mikeisaac
Rat King
on x
News: Meta is currently building a prediction markets app to rival Polymarket and Kalshi, according to sources the app, currently called “Arena,” will be a standalone offering and was ordered up by Mark Zuckerberg w/ @yaffebellany https://www.nytimes.com/...
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@kyliebytes
Kylie Robison
on x
gross and soulless
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@cwarzel
Charlie Warzel
on x
even the legless, bloodless metaverse (which was in no way a novel idea) had more of an authentic vision than the flailing going on there rn yikes
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@miles_brundage
Miles Brundage
on x
80% of Kalshi is sports betting! Sports betting is tearing many families apart! Soulless indeed
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@loudmouthjulia
Julia Alexander
on x
it's impressive how much bleaker meta seems to get with every new announcement.
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@bobbyallyn
Bobby Allyn
on bluesky
I've seen internal Meta docs that have used the codename “Antwerp” to describe this product, in addition to Arena. — It's being described as a rebuild of its 2020 prediction app experiment. [embedded post]
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@alexkirshner.com
Alex Kirshner
on bluesky
It's interesting that Mark Zuckerberg 1) launched one of the best products of all time, 2) made one of the most successful acquisitions of all time, and 3) is so bad at everything else but can't be removed because of how he organized his company www.nytimes.com/2026/06/23/t...
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@paleofuture
Matt Novak
on bluesky
“Users would not wager money, and the app would probably rely on a video-game-like points system...” [embedded post]
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@tcarmody
Tim Carmody
on bluesky
Not once has this guy had a new idea www.nytimes.com/2026/06/23/t...
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@blumenthal.senate.gov
Richard Blumenthal
on bluesky
Meta copied slot machines to addict kids to Instagram. Now Zuckerberg is turning his company into a prediction market. Meta's business model is profiting from addiction—kids, gamblers, & more. Stop it through KOSA & my prediction markets bills.
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@followtheh
Tom Hearden
on bluesky
For the record META is going to pivot to Prediction Markets 9 months AFTER Truth Social — lmao even — just buy Polymarket and you already own the fake influencers and videos!
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@hunterwalk.com
@hunterwalk.com
on bluesky
brb, gonna go short this product on Polymarket [embedded post]
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@justinhendrix
Justin Hendrix
on bluesky
I remember the late Clay Christensen, the scholar of ‘disruptive’ innovation, making the point at a conference we hosted when I was at The Economist years ago that Meta (then Facebook) was, in fact, not a particularly innovative company. It is a follower, a buyer, a copier, ofte…
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@stevekovach
Steve Kovach
on bluesky
Every copycat app like this from Meta fails. 100% of the time. — The only successful Meta apps are acquisitions or those that coerce an existing massive user base to use it (FB Messages, Threads) [embedded post]
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@rmac
Ryan Mac
on bluesky
serious question: has he ever had an original idea? — www.nytimes.com/2026/06/23/t...
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@michaelsderby
Michael Derby
on bluesky
Facebook, fresh off its virtual reality woes, is looking to start its own gambling den: “Mr. Zuckerberg, the chief executive of Meta, recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi.” Via NYT
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@followtheh
Tom Hearden
on bluesky
one sign THE NEXT BIG THING is tapped out? — When Zuck decide to copy it — *ZUCKERBERG DIRECTED META TO CREATE PREDICTION MARKETS APP: NYT
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r/technology
r
on reddit
Meta Has Created a Prediction Markets App
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r/StockMarket
r
on reddit
Meta Has Created a Prediction Markets App
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@samfbiddle
Sam Biddle
on x
It's been 20 years since the last time this company came up with a genuinely new idea
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@fredsoda
@fredsoda
on x
total lack of product vision here from zucc i'm starting to think the Meta board needs to move on from him i think he's taken FB as far as he can, you need someone else at the helm
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@divergent7651
@divergent7651
on x
Seems like a good idea to me.
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@ricefield
Jonathan Tien
on x
This actually tracks, because Meta's strategy has long been to just build whatever seems to be working in consumer and then leverage its network+distribution to grow faster than others
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@bobbyallyn
Bobby Allyn
on x
I've seen internal Meta docs that have used the codename “Antwerp” to describe this product, in addition to Arena. It's being described as a rebuild of its 2020 prediction app experiment. And yes, it'll use “play money” with LLMs generating questions and reaching resolutions
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@seconds_0
@seconds_0
on x
whatsapp enabled groupchat gambling is an elite invention i am almost proud of zuccs ingenuity here.
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@natpurser
Nat Purser
on x
do you ever have a feeling like, this can't go on forever.
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@hannah_ahn
Hannah Ahn
on x
what are we doing here?
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@steveflanders22
Steve
on x
really bullish polymarket and kalshi they are going to feel like driving a ferrari compared to whatever slop meta pushes out
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@milkkarten
Rachel Karten
on x
seeing this news right after reading zuckerberg's answer to a question about philanthropies in feed me today. makes your head spin a bit. [image]
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@alexsjacquez
Alex Jacquez
on x
If you were trying to build a conglomerate of the most socially destructive applications, how would it look different than Meta?
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@owenbotkin
Owen Botkin
on x
Not sure if people realize but Google and other tech companies already tried this in 2010 Big tech has been after prediction markets for years [image]
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@jbillinson
Josh Billinson
on x
2021: the metaverse is the future. it's so important that we're rebranding the whole company. legs in next update. 2026: idk maybe we're a casino now
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@paularambles
@paularambles
on x
meta employees placing YES bets on their own layoffs so they can finally be aligned with shareholder interests
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@joeperticone
Joe Perticone
on x
Meta's entire business model is just “let's copy this succesful evil company's product”
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@bcalusinski
Ben Calusinski
on x
Picture a world where you wake up, immediately put on your Meta glasses, scroll instagram reels on the right side, while you ‘invest’ in Australian pig racing “event contracts” on the left Why touch grass when you can have Llama 10.0 generate a picture for you w/o leaving bed?
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@geoffzochodne
Geoff Zochodne
on x
the wisdom of the Facebook crowd applied to sports, elections, and everything else under the sun, eh
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@jbrukh
Jake Brukhman
on x
I probably don't know enough about the genius of Meta, but arms length they always seem to follow and never get anywhere.
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@alexandermccoy4
Alexander McCoy
on x
How about they make Facebook not be garbage?
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@fed_speak
@fed_speak
on x
Rest assured that Chamath will be in the arena trying stuff. Some will work, some won't. But always learning.
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@jamesblairusa
James Blair
on x
True. Sick people.
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@rob_flaherty
Rob Flaherty
on x
Just an insanely rudderless company
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@jason_kint
Jason Kint
on x
The company has negative value to the public.
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@rob_flaherty
Rob Flaherty
on x
I'm at the child brain poisoning company, im at the gambling company. I'm at the combination child brain poisoning and gambling company